America's Top Banker Issues Dire Warning on Trump's War

[Yo_Mama_Been_Loggin]

Source: Daily Beast

JPMorgan CEO Jamie Dimon fears the devastating impact of Donald Trump’s Iran war could reshape the global economic order.

The top banker warned in his annual letter to shareholders that the Middle East conflict could further exacerbate the global oil crisis and cause “stickier” inflation and higher interest rates than markets currently expect.

“The skunk at the party—and it could happen in 2026—would be inflation slowly going up, as opposed to slowly going down. This alone could cause interest rates to rise and asset prices to drop,” Dimon wrote.

Trump is becoming more and more desperate as the Iran war drags on with no real end in sight. The conflict—and Iran’s closure of the Strait of Hormuz—has sent oil prices soaring well above $100 a barrel and caused gas prices to soar across the U.S.

Read more: https://finance.yahoo.com/economy/policy/articles/america-top-banker-issues-dire-134456122.html

[Quanto Magnus]

1. No shit Jamie.....

People like Jamie will cash in on all of these increases while the rest of us get screwed.

[Ray Bruns]

2. Just one question? When did JPMorgan CEO Jamie Dimon become America's top banker?

America's top parasite yes.

[OC375]

3. Still waiting on that "inflation slowly going down"...

Been waiting since the 1980's, actually.

Wages going up would also be an acceptable answer.

[turbinetree]

4. SO Jimmie when did you come that conclusion....................

[Mr.Bee]

5. So My Advice To You

Buy An Electric Car

[IronLionZion]

6. Other countries selling US treasury bonds also raises interest rates and lowers their value

Ask any MAGAt why the Iran war needs to continue. See if they have any coherent specifics in their answer.