According to YAHOO Finance: JPMorgan Chase CEO Jamie Dimon issued a stark warning to Wall Street:
Inflation could rise further and recession is not off the table.
Dimon stressed that this may be the most dangerous time the world has seen in decades and that the wars in Ukraine, Israel and Gaza could have far-reaching impacts on energy and food supply, trade and geopolitical relationships.
It could even, he said, lead to “nuclear blackmail.”
Mankind faces huge risks, he said. One is obviously war in Eastern Europe and the Middle East. But beyond that, Dimon is worried about nuclear proliferation, climate change and the risk of another pandemic. |