Thread #1503901
File: TRUMP STAGFLATION GAS PRICES HIGHEST EVER.jpg (284.2 KB)
284.2 KB JPG
JPMorgan Chase CEO Jamie Dimon is warning that the Iran war will lead to prolonged inflation and higher interest rates that ultimately will tip the U.S. economy into a recession.
“The skunk at the party — and it could happen in 2026 — is inflation slowly going up, as opposed to slowly going down. This alone could cause interest rates to rise and asset prices to drop,” Dimon said in his annual letter to shareholders on Monday.
“Interest rates are like gravity to almost all asset prices,” he added. “And falling asset prices at one point can change sentiment rapidly and cause a flight to cash.”
Dimon said the U.S. is generally less vulnerable to the rapid increases in oil prices that helped drive the recessions in 1974 and 1982 but warned of the risk of oil and commodity price shocks in the months ahead.
“Now, because of the war in Iran, we additionally face the potential for significant ongoing oil and commodity price shocks, along with the reshaping of global supply chains, which may lead to stickier inflation and ultimately higher interest rates than markets currently expect,” he wrote.
https://thehill.com/business/5817802-jamie-dimon-warns-inflation-reces sion/
18 RepliesView Thread
Showing all 18 replies.>>
>>
>>
>>1503904
>Trump's War might raise gas to $6, if that happens, the only way Republicans survive the midterms is if trump stages a coup.
Bro they were fucked BEFORE he started the exact kind of money and lives draining middle east war he campaigned against.
>>
>>
>>
>>
>>
>>
Jamie Dimon I don't believe in increasing taxes on the rich.
The JPMorgan chief noted that pro-growth policies, including regulatory reform, immigration changes and merit-based systems.
He also proposed expanding income tax credits for low earners, suggesting the government could double such benefits to boost economic mobility and community spending.
Neoliberals are the last death gasp of late capitalism
>>
>>
>>1504037
You realized Obama started this mess when he funded Irans nuclear and ballistic missile program right? Iran. Who has been attacking America and our allies for almost 50 years. Obama gave them millions upon millions. He literally armed our enemy when he should've been defending us against them. He's a failure. Weak. We didn't start this fight but we sure as hell are gonna finish it.
>>
>>
>>1504039
Fake news because he's not bribing the Iranians and arming them in his deal. Obama literally paid them out, bought them missile tech. He's a fucking traitor, no surprise that's the last legacy of America's first black president. Blacks all have a chip on their shoulders against white Americans. Fuck him.
>>
>>
>>
>>