Friday, March 24, 2023
  • Login
CEO North America
  • Home
  • Business
    • Entrepreneur
    • Industry
    • Innovation
    • Management & Leadership
  • CEO Interviews
  • CEO Life
    • Art & Culture
    • Food
    • Health
    • Travel
    • Environment
  • Opinion
  • News
  • Multimedia
No Result
View All Result
  • Home
  • Business
    • Entrepreneur
    • Industry
    • Innovation
    • Management & Leadership
  • CEO Interviews
  • CEO Life
    • Art & Culture
    • Food
    • Health
    • Travel
    • Environment
  • Opinion
  • News
  • Multimedia
No Result
View All Result
CEO North America
No Result
View All Result

JPMorgan is Bracing Itself for Economic ‘Hurricane’

in Business, News
Jpmorgan is bracing itself for economic ‘hurricane’
Share on LinkedinShare on WhatsApp

JPMorgan is preparing for an economic hurricane and investors should do the same, the bank’s CEO Jamie Dimon said.

“You know, I said there’s storm clouds but I’m going to change it… it’s a hurricane. That hurricane is right there, down the road, and coming our way,” Dimon said to investors and analysts Wednesday at a New York conference. “We don’t know if it’s a minor storm or if it’s a Superstorm Sandy.”

Dimon said part of that hurricane is created by higher oil prices after Russia’s invasion of Ukraine. “I’m watching the train coming down the tracks and I’m very sad about it,” he noted. The CEO also said “wars go bad” and have unintended consequences. “We’re not taking the proper actions to protect Europe from what’s going to happen to oil in the short run.”

Dimon also warned that the Federal Reserve’s signaling that it will reverse its emergency bond buying programs and shrink its balance sheet will add further volatility. He said that private borrowers may be stranded as financial conditions tighten in response to the Fed’s quantitative tightening.

According to Dimon, central banks don’t have a choice because there’s too much liquidity in the system. “They have to remove some of the liquidity to stop the speculation, reduce home prices and stuff like that.”

Tags: Jamie DimonJP Morgan

Related Posts

When cutting costs, don’t lose sight of long-term organizational health
Business

When Cutting Costs, Don’t Lose Sight of Long-Term Organizational Health

U. S. Businesses need to be more prepared for physical risks
Business

U.S. Businesses Need to Be More Prepared for Physical Risks

Keeping track of communications when going remote
Business

Keeping Track Of Communications When Going Remote

Amazon’s zoox tests robotaxi on public road with employees as passengers
News

Amazon’s Zoox tests robotaxi on public road with employees as passengers

New york regulator orders binance stablecoin backer to stop issuing token
News

New York regulator orders Binance stablecoin backer to stop issuing token

Research: the complicated effects of pay transparency
Business

Research: The Complicated Effects of Pay Transparency

Oil falls on demand fears as fed ‘make or break moment’ approaches
News

Oil falls on demand fears as Fed ‘make or break moment’ approaches

U. S. Consumer prices revised higher in december, november
News

U.S. consumer prices revised higher in December, November

Lyft shares sink after grim forecast shows it falling behind uber
News

Lyft shares sink after grim forecast shows it falling behind Uber

Esg outlook 2023: greater scrutiny on companies & investments
Business

ESG Outlook 2023: Greater Scrutiny on Companies & Investments

No Result
View All Result

Recent Posts

  • Symbotic’s CEO Rick Cohen shines a light on the consumer goods supply revolution
  • CEO John Wynne outlines how Fortis Solution Group is disrupting the packaging industry
  • CEO Keh-Shew Lu explains how Diodes Inc is pushing the frontiers of connectivity
  • CEO NA Andrea Pirondini explains why the Prysmian Group is best-in-class at cable solutions
  • Eric Clark on how ONE NTT is driving client-led innovation

Recent Comments

    Archives

    Categories

    • Art & Culture
    • Business
    • CEO Interviews
    • CEO Life
    • Editor´s Choice
    • Entrepreneur
    • Environment
    • Food
    • Health
    • Highlights
    • Industry
    • Innovation
    • Issues
    • Management & Leadership
    • Multimedia
    • News
    • Opinion
    • PrimeZone
    • Printed Version
    • Travel
    • Uncategorized

    Meta

    • Log in
    • Entries feed
    • Comments feed
    • WordPress.org

    • CONTACT
    • GENERAL ENQUIRIES
    • ADVERTISING
    • MEDIA KIT
    • DIRECTORY
    • TERMS AND CONDITIONS

    Editorials – stuart.james@ceo-na.com

    Advertising – media@ceo-na.com

    NEW YORK

    110 Wall St.,
    3rd Floor
    New York, NY.
    10005
    USA
    +1 212 432 5800

     

    MEXICO CITY

    Paseo de la Reforma 296,
    Floor 38
    Mexico City
    06600
    MEXICO

    • CONTACT
    • GENERAL ENQUIRIES
    • ADVERTISING
    • MEDIA KIT
    • DIRECTORY
    • TERMS AND CONDITIONS

    Editorials –
    stuart.james@ceo-na.com

    Editor-In-Chief –

    caroline.sposto@ceo-na.com

    Editorials – editorials@ceo-na.com

    Advertising –
    media@ceo-na.com

    NEW YORK

    110 Wall St.,
    3rd Floor
    New York, NY.
    10005
    USA
    +1 212 432 5800

    MEXICO CITY

    Paseo de la Reforma 296,
    Floor 38
    Mexico City
    06600
    MEXICO

    CEO North America © 2022 - Sitemap

    No Result
    View All Result
    • Home
    • Business
      • Entrepreneur
      • Industry
      • Innovation
      • Management & Leadership
    • CEO Interviews
    • CEO Life
      • Art & Culture
      • Food
      • Health
      • Travel
      • Environment
    • Opinion
    • News
    • Multimedia

    © 2023 JNews - Premium WordPress news & magazine theme by Jegtheme.

    Welcome Back!

    Login to your account below

    Forgotten Password?

    Retrieve your password

    Please enter your username or email address to reset your password.

    Log In