JPMorgan Chase CEO Jamie Dimon on Monday warned that a “very, very serious” mix of headwinds was likely to tip both the U.S. and global economy into recession by the middle of next year.
JPMorgan’s Jamie Dimon warns U.S. likely to tip into recession in 6 to 9 months
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Diamon was in the room when Paulson and Bernanke delayed the 2008 recession.
He may understand more than most how hard the landing might be?
There is no logical way how this can end with soft landing..
It will be softer than 08.
@the end heh Like I say, Diamon was there when Bernanke and Paulson
offered the enticing offer that created a Blizzard of Credit Cards.
They wrote off a lot of that bad consumer debt, with Government funds.
But adding to Consumer debt, does not diminish Government debt.
Selling more debt is supposed to make Bankers an Interesting Fee.
We will see who has a Crystal Ball,
and who has a bad Ouigi Board?
So severe stagflation until the fed breaks something 6-12 months from now by being so hawkish to destroy inflation
Why would I listen to you your a loser
These guys make these statements once we are already in it. A few months ago they were saying no recession nor inflaiton SMH
A year ago in an interview Dimon said a hurricane was coming.
Dimon for President.
Can we stop with the “Tip” into Recession. The definition of a Recession has been achieved and as someone that is Self Employed and sees this stuff first hand this all started Late 2021 right around Christmas. This year has been up and down but overall it’s been a challenge. I do think things will get worse but there’s been a lot of damage already.
@Hiker John if I had any advice to give you to tell them is to save every Penny they get if they’re having a good year. Seems like it’s a lagging effect.
@Will Martin Thank you for the response! And the offer, but now I’m creating a nonprofit here directed by myself and others with the same problems or different struggles in my community. I don’t run from a fight and that’s exactly what these employers want to do. I am going to enable my community to fix these problems as best that we can. Pray for me brother as I’m going into the belly of the beast.
@The Dali Llama Thank you for the offer! It wasn’t in finance, though I have a vast variety of self acquired knowledge through the years of non-willful unemployment. However, now I’m pissed off. I’m creating now a non-profit that will be directed by others in my community who have experienced hardship by the works of our society. I am going to change my community and reverse this damage that has been done. Jobs will be created. The impoverished brought to fruition. The hungry fed amazing food. The thirsty will have pure water. The homeless will find shelter. The scared will find peace. I am fed up with the way things are and I will enable this community to change, to the upmost of my ability. As I know it now, I’m headed into the belly of the beast… Pray for me brother.
@daniel mortensen
Investigate replacing food stamps with fresh food delivery. I think it’s a win-win, but have never run the numbers.
The last I checked, 15% of food stamp funds were spent on carbonated drinks. It dwarfed the amount spent on protein. No one wins under that scenario.
@The Dali Llama I haven’t heard that statistic here but I do believe it from secondhand observation of a few cases. I had the idea of farm creation that utilizes the Back to Eden method to grow a variety of foodstuffs which would supply a proprietary grocery store and deliver low cost, local, organic produce as well as supply food banks. I haven’t run the numbers yet either but you and I seem to be on the same page about this.
How do we see this interview in its entirety?
Write CNBC a personal email and pray about it
Mr. Dimon,
Are you still involved with rehabilitation centers?
Citing `The Dimon Way’
Sincerely,
R.W.N II
He’ll be the first to sell and tell you to buy.
🎯🎯🎯
We’re alr2ady in a recession for 3 months… 🤦♂️
Q3 should be very slightly positive. What Dimon is referring to is a second recession starting in either Q4 2022 or Q1 2023.
Six to Nine months? BS!
We’re already in a recession!
You ain’t seen nothing yet!
Why no more hurricanes warning he said back then..
This guy is the bigggest crook on the planet .
It’s the biggest bank in America
Affectively the most powerful private bank in the world
CHASE BANK
We have been in a recession since Q1 2022. This is the 9th months already.
Agreed
100%
The recession that will start in Q4 2022 or Q1 of 2023 will be much worse than the recession we experienced in Q1 – Q2 2022.
My Wall Street buddies say it will be much worse than 2007-2009 and won’t recover until Q2 of 2025.
@Robert Herman They probably aren’t wrong. Debt to GDP is north of 120%. Consumers are up to their eyeballs in debt, and inflation is quite high in the US. We won’t be able to print our way out of this one without major consequences.
Playing with people livelihood and bringing rescission nice 👍 fed!
@Brandon Clark and why is there inflation who gave that gift 🎁?
Great buying opportunity & bail out opportunity for JP Morgan Chase. Don’t listen to this clown if you make less $250 million a year.
I’m a millionaire but I don’t have $250million🤣
That’s for sure !🤣
This is the same dude who prophesied the demise of the Euro back in 2012 due to the Greek debt. He literally knows shit. 😑😒
A month ago, JPM stock analysts were predicting a 3,600 S$P by year end. Now Jamie is talking 3,000. I wonder if Jamie ever talks to his own people.
You still trust banks and analysts ratings and expectations after 2008?
Michael Burry suggests 2200 as a final bottom…
people are spending 35% more then they did in 2019? if i spent 35% more in just a 2 and half year period id run out of savings and be living on the sidewalk of 7 eleven asking for a buck to get a soda inside…
Jamie looks like a Dentist 🤣
This has to be the dumbest comment I’ve seen in a while. TY
FUCK this ass hole He did not pull one finger stuck in his ass hole to help Business owners that needed help on there Mortgage on the last recession .
He bought peoples montages like manufacture home Brokers going under and then Foreclosed on people and forced them into Short sales .Then had Relators to resell at a profit.
All the while making money on Obamas Help for homeowner government refi program only to be rejected every time AND being paid 200 bucks per app from the government ..
FUK U Chase
There is no war without casualties
The fed declared a war on inflation…
….the casualties are people losing jobs in unstable sectors of the economy
Save money, “batten down the hatches, and prepare accordingly
BS. Already in a recession and spiraling further down with increasing interest rates.
It’s to push us into WW 3 and civil unrest.
🤠🤠🤠🤠🤠🤠😎😎😎😎
PEACE
PROSPERITY
LOVE ONE ANOTHER
FREE THINKING
OPTIMISM
Stop with the non sense title – we are obviously in a recession
Bottom signal u weetards
Is Jimmy Diamond from Jp Morgan Real or bullshitting when he said today that the Market will go down 20% from here
We’re in a recession you damn liars
These Guys SMH
Recession in some months? Nasdaq lost 1/3 of its value for some reason. Obviously, the nasdaq drop isn’t pricing an expansion after 30s % loss.
It’s lost more than that, bud. About 43% from November of 2021. It’s still ridiculously overvalued.
Manipulation 😂🫡🇺🇸eat a 🌭
Read the comments, apparently we are not nearly as dumb as they think. We are already in a recession. Redefining the term does not alter the fact.
The kind of guy you want to live with ass cancer for 20 years before death
Hey Jamie BREAKING NEWS we’re already in a recession
Um yea, last I checked, we ARE in a recession regardless of what the dictator in house says. I never thought I would look at my 401K and see negative numbers for overall growth. 5 years of gains, poof, gone. And that’s despite the lies with “we have the best record numbers for the market ever” from the Potato in House. Keep voting for these leftist morons and this is what we’ll keep getting. Go ahead folks, let’s see if you will ever learn your lesson.
This must be the worst-kept secret in financial news of the last 100 years?
Is it 1984 ??? WE ARE ALREADY IN A RECESSION !!! WTF ????? Just change the definition and pretend your in make believe world !!
JP Morgan Stanley should be in prison for tax evasion and banking fraud.
Biggest scheming theiving banker’s in history.
im glad everyone here is on the same note- we’re already in a recession
What is QT
Then we can give Powell Nobel price for breaking the economy
When Dimon speaks, we should be listening and investing accordingly… I am looking forward to more volatility honestly to buy stocks on a steeper discount..
DING DING DING DING DING….We are already in a recession!!
In the past when a recession would hit, governments would just sit and watch, now they spend to ease the long term societal pain and the recessions are more shallow and shorter. This is what governments are there for, to protect the people.
LOOLOOOLLLLOOOOLLL… Good point at 2:18… I know why.
Again, this is a VERY IMMENSE master plan in the hindsight…. LOLOLOLLLL
We never had QT ? Really?
People are spending more because of inflation, not because the economy is doing well
Bingo!
Powell and Democrat politicians have intentionally destroyed the value of our money. Inflation is much higher than the official government reports. Inflation makes all the economic numbers go up, so politicians say there is not a recession; but millions of Americans cannot afford the basics that are necessary for a normal life.
CNBC should just make this a bumper so they can play it every time they go to commercial. Might as well they’ve played it so often.
BS
“stuff like that”….. 😃
A Republican trying to scare you into voting for more of his Republican friends. 🤣. A few guys controlling Wall Street. Reminds me of the movie Trading places.
The reporter in this interview did such a terrible job. Why is she asking how long the US will be in a recession when she should be asking the Chair and CEO of JPMorgan what businesses are you currently excited about to work in? Wtf is this america journalism? Shame
So, after the Fed has drained as much money as possible from the consuming public through rate hiking, we’re going to plunge into a recession. Excellent policy. Excellent
Hey Jamie……..We’re In a Recession! Gees these people are such liars and thieves.
They need their 0% rates back.
First let’s thank the Brandon administration for single handedly destroying America.
Oh, it’s cryin’ time again, you’re gonna leave me
I can see that far away look in your eyes
I can tell by the way you hold me darlin’, ooh
That it won’t be long before it’s cryin’ time…
I wonder how much of his private portfolio are in shorts, he is probably un-loading his worthless assets onto un-knowing pensions funds right now.
The big banks are done, if any political person manages to convince their voters we need to bail out the banks again i will eat my hat. And if they do it without the peoples vote, i will riot.
And im saying that as a capitalist.
Mild? He’s so soft and reserved when addressing it… probably doesn’t want to make the big guy look bad… call it for what it is already! 6-9 months is also probably a very conservative estimate too! Everyone was right when they said Trump would start a war and destroy the country. Oh wait… LOL.
Corporate greed
Um, the Nasdaq is down like 43% from November 2021 highs and home prices are dropping….. if that’s not a recession, I don’t know what is!
OPEC+ is playing dangerous games. Existential threat for the USA EU NATO.
October surprise too?
Remove sanctions on Venezuela.
This has gone too far.
Keeps flip flopping
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Gotta keep up the BS until “after” the elections.
He’s a salesperson. Top salespeople have no soul.
We’re already in a recession.
so if what were experiencing now is not yet recession then how does the recession in 6-9 months would look like?
Lol. These moronic ceo giving forecast on the stock market.
So the gorilla in the room is the war and we can do almost NOTHING about it. Whoopee, I guess it feels good to hear someone say it.
The worst part of all is Biden killed hope! We had hope while the pandemic was in full swing people were putting in a major effort and now that’s dead! As soon as Biden got in he rushed into destroying hope. Biden punished the middle class and gave tons of attention to Ukraine a country known for corruption and his son Hunter had some dealings with Ukraine. Ukraine shut the water supply down to Crimea and started this war and Biden backed Putin into a corner creating the worst-case senerio.
Idk why but he’s hyping up the feds hard. I mean being a banker I understand ig but it’s like he knows something and is nit telling us.
lol
The US economy is still doing well? That’s it keep pushing the propaganda all the way straight up into the meat grinder. This is the end of the American economy. This is not a recession or depression, this is a complete orchestrated collapse.
STOP WITH THE LIES….we all know were in a recession already. We are living it. F**K the “experts”
Your the new kitchen help. It’s happened before and it’s going to happen. Go get me a pizza. And hurry the fuck up! Dish pan man! That’s u asshole. I’m never bailing u out again. By the way I like pepperoni and sausage pizza. Hurry up and go get it
Do the fine folks at JP Morgan still support people who sell children to rich slimeballs, or was Jeffery Epstein the last one?
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WHERE IS THE FULL INTERVIEW!
We’ve been in a recession for 9-10 months already lol
With markets tumbling, inflation soaring, the Fed imposing large interest-rate hike, while treasury yields are rising rapidly which means more red ink for portfolios this quarter. How can I profit from the current volatile market, I’m still at a crossroads deciding if to liquidate my $125k bond/stocck portfolio.
.Focus on two key objectives. First, stay protected by learning when to sell stocks to cut losses and capture profits. Second, prepare to profit when the market turns around.I recommend you seek the guidance a broker or financial advisor.
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Europe is in recession? If you mean europe as in EU? Then you are wrong. But that also makes little sense als the EU is still a collective of sovereign states with each having a national account… some time ago the US was said to be in a recession and then they started arguing about definitions lmfao.
Consumers have money😅🤣😂🤣😂 Americans don’t have a choice. Stop spending for basic necessities. Americans don’t have an Option paying higher rent. Or higher gas prices or higher prices for food .
It’s not what you say that’s the issue, it’s that there monitoring you how else are they able to see what you Wrote.