Jamie Dimon, who is the chair and chief executive of the giant Wall Street bank JPMorgan Chase, said he was “far more worried than others” about a serious market correction, which he predicted could come in the next six months to two years.
“I would give it a higher probability than I think is probably priced in the market and by others,” he told the BBC. “So if the market’s pricing in 10%, I would say it is more like 30%.”
Dimon added there were a “lot of things out there” creating an atmosphere of uncertainty, pointing to risks including the geopolitical environment, fiscal spending and the remilitarisation of the world.
“All these things cause a lot of issues that we don’t know how to answer,” he said. “So I say the level of uncertainty should be higher in most people’s minds than what I would call normal.”
The comments are the latest in a string of warnings that stock markets may be due a correction.
Give the democrats your Epstein records, you sociopathic societal wound.
Honestly seems like they’re holding the country hostage to avoid releasing the information about Epstein and big banks, but I think we’re probably fucked either way. It’s like the shutdown and people losing jobs. It was happening either way because they already fucked us.
The stock market is probably crashing either way, because they fucked us. They fucked everything bc that was the whole fucking plan. They wanted to destroy the country, and pretend just like they do with everything else, it was inevitable and totally out of their control.
Goldman Sachs says we’re not in an AI bubble (yet)
Let me guess, if we refuse to let the billionaires off the hook again, and the files are released, the bubble will immediately burst to punish us?
If we acknowledge these pedophiles are just too big to jail, they can string us along for a few more months while cost of living keeps soaring along with unemployment rates? Then the bubble will burst, and it will be our fault for being poor and unemployed in their booming economy.
“The poors weren’t spending enough money, this is their fault and has nothing to do with us dumping stolen money into a terrible investment.”
“Perfect example of why you can’t just give poor people money. You have to give it to rich people who already stole their money and blew it all, so that they can have more money and blow that too. Obviously, the only solution is another government bail out so that we can save the economy again. What would you peasants ever do without us? You’re welcome, America!”