Jamie Dimon: "You better brace yourself"

[devil21]

I usually take Dimon's statements with a grain of salt since he's a known flip-flopper and, as JPM head, gleefully engages in disinfo whenever it suits the banker elite. I don't think he's messing around here, though.

https://www.cnbc.com/2022/06/01/jam...ricane-caused-by-the-fed-and-ukraine-war.html

JPMorgan Chase CEO Jamie Dimon says he is preparing the biggest U.S. bank for an economic hurricane on the horizon and advised investors to do the same.

“You know, I said there’s storm clouds but I’m going to change it… it’s a hurricane,” Dimon said Wednesday at a financial conference in New York. While conditions seem “fine” at the moment, nobody knows if the hurricane is “a minor one or Superstorm Sandy,” he added.

“You better brace yourself,” Dimon told the roomful of analysts and investors. “JPMorgan is bracing ourselves and we’re going to be very conservative with our balance sheet.” more at link

 

[oyarde]

I just read that very conservative with the balance sheet that theyve accepted the fact there are no returns to be made greater than inflation without an unacceptable level of risk . Even cash looks dead end now so whatever. Guy like that would be more comfortable with the fed qe forever as far as I can tell so I'd pay no attention.