[theold]

JAMIE DIMON. - I spoke about the accumulation of many clouds that could turn into a hurricane. The US and European economies were doing quite well coming out of the pandemic, boosted by strong fiscal support. But clouds are growing on the horizon: inflation, higher interest rates, monetary tightening, war in Ukraine, rising oil, gas and food prices… When we talk about war , food crisis, energy crisis, migratory upheavals, we are talking about serious and unpredictable subjects which will obviously weigh on our economies.

Do you fear a recession in the United States or in Europe?

These challenges significantly increase the likelihood of a recession. We could also attend...


https://www.lefigaro.fr/societes/le-pdg-...n-20220712

[Sticw]

Currency market suggests otherwise it seems... They priced in everything liao... Dow going 60k mark...

[Sentinel]

As usual, China will have to come forward to save the Western world, including Sinkliaopoor bunch of "me too" hindsight bottom feeders

[theold]

Europe is in recession but US. maybe not. All the money rush there as safe haven and to buy military equipments.