There are storm clouds ahead for the economy, JPMorgan Chase CEO says

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The banking crisis caused by the recent collapse of Silicon Valley Bank and Signature Bank has increased the odds of a US recession, JPMorgan Chase CEO Jamie Dimon told CNN’s Poppy Harlow in an exclusive interview. #CNN #News

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50 COMMENTS

  1. From my perspective, this highlights the importance of having a competitive advantage as investors. Merely mirroring the market strategies of others is insufficient in achieving optimal results.> I am currently grappling with the decision to invest in the current market, as it presents both uncertainty and opportunity. Could you share your insights on this matter?

  6. 1.) 5-10 Billions of money job payment every month to all Politicians and Government workers in every Country including all the Government Laws should be Implemented in every Country that I have written in the comments.

  7. The idea that Jamie Diamond is given any respect by anyone boggles the mind. We all know who and what he is and the common good have never been his concern.

  8. Yet you can still spend millions on an AI system that watches your employees like a prison guard but can't afford to pay them a livable wage? Go fuck yourself JP Morgan I'm switching banks now.

  10. We managed to let Jpmorgan and co. destroy all the gains we made for hard working men and women and children who died by the tens of thousands maybe even more. The government is not going to fight for us. By us i mean everybody that does not make efforts to suppress fellow american/human rights to life liberty and the pursuit of happiness for power and profit We have to unite, solidarity is our only strength. Educate yourself on the struggles of the past. God help us.

  11. They caused the first collapse, used trump to rollback regulations to prevent another one and here we are now with banks failing left and right and they "bailed" one of the banks with most likely the money we gave them. Why is this okay? Why isnt he and his buddys in jail or facing some kind of discipline? I guess being a rich white male is a get out of jail free card. And also a bail me out of the disaster i knowingly created.

  13. The fact that he can create EFTs and allow those shares to be lent out is criminal and breaches the fiduciary duty. He should resign as CEO as that is a conflict of interest. State Street too should not allow lending of any of their assets.

  17. They had me up until the burger flipper owning the joint part. I worked for Burger King in high school. The owner was a very wealthy man who owned over 300 locations. Just before I left, they got acquired by an even richer man. Dreams are achievable no lie, but that burger flipper got a better chance of winning the lottery. The ultimate goal for most people is a middle class life, where they don't have to worry about their safety or how they're going to pay their bills.

  18. Interesting , a number of the most eminent market experts have been expressing their views on the severity of the impending economic downturn and the extent to which equities might plummet. This is because the economy is heading towards a recession and inflation is persistently above the Federal Reserve's 2% target. As I'm aiming to create a portfolio worth no less than $850,000 before I turn 60, I would appreciate any advice on potential investments.

  22. The United States is in the midst of a perfect storm. The cost of life has increased due to inflation, bank failures, a severe drought in the agricultural region, recession, food shortages, heating oil and diesel shortages, a lack of baby formula, and prices and shortages of cars. It's all coming together and might cause a serious catastrophe by the year's end (or sooner) but the dems are focused on a lot of bullshit and fighting a war with russia which is essentially robbing us of all we had. My main problem though, given the current inflation rate of around 6% and with the way the dollar is being abandoned at this point, is how to get the most out of my $300,000 savings and retirement account, which has been stagnant for eons with little to no growth…

  28. I'm glad I got into trading when I did because it was a turning point for me financially it was my best decision ever. All thanks to Mrs Shana Heckel her set skills are amazing.,

  29. I wonder how Mr, Dimon’s portfolio will fare through this. Also, his community banks are put in places where he intends to steal all their money in the end.

  37. In light of the impending recession and the fact that inflation is still far higher than the Fed's 2% target, several of the most prominent market analysts have been expressing their views on how terrible they believe the next downturn will be and how far stocks may have to fall. I need advice on what investments to make because I'm attempting to create a portfolio for my children that will at least be $850k in value.

  42. According to certain economists, it's possible that the U.S. and certain parts of Europe might experience a recession at some point in 2023. Although a global recession, which is characterized by a decline in annual global per capita income, is relatively uncommon due to the faster growth rates of emerging markets like China, in comparison to developed economies. I have pulled out more than $340k from my bank. After all, the FDIC covers only up to $250,000, and the implosion could have bad effect. Looking to invest into the stock market now. Does anyone know how I could go about it?

  43. I recently inherited almost $500k. I REALLY need to make this money work for me, and not just disappear over time. I've been scrambling for somewhere to put the money, where I can make an effort to use the gains to pay bills so I can quit my job or should force early retirement. All roads have pointed to the financial market of some sort which is a good idea buh where else should I put money besides the financial market? We have a 13% RPI rate so cash is tough.

  47. Imbalanced economies are are never sustainable they lead to distress uncertainty and to wars for that matter banks need to go help communities now l

  49. People learn indeed. I'm finding that out of 95 townhomes, 45% are owned by an out-of-town investment company. Take a deep breath. How do you make homes affordable? "Take Corporate investment out of the housing market in the rental market.

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