https://nypost.com/2024/05/16/business/jpmorgan-chase-ceo-jamie-dimon-warns-interest-rates-could-stay-high/

    “My view is whatever the world is pricing in for a soft landing, I think it’s probably half of that. I think the chances of something going wrong are higher than people think.”

    Jamie Dimon warns interest rates could stay high: ‘A lot of inflationary forces in front of us’
    byu/unwanted_hair inwallstreetbets



    Posted by unwanted_hair

    30 Comments

    1. Front_Expression_892 on

      Let’s be clear about something: 100% of rate cut are irrelevant for most investors and big daddies talking about rate cuts are just trying to stir investors into one or another investment strategy.

      Just ignore the noise, especially, because it is hostile.

      Explanation: do you borrow money to invest in stocks? if not, relax — rate cuts have 0 influence on your investing lifestyle. If you do: please stop, even if the rates are 0%. Next: even if some money in the stock markets is conditioned on the existence of near rate cuts and the money is removed after the rates hopes will be shattered, there will be enough money still invested and stocks are still going to have the same mechanics as when people believed in over 9000 rate cuts.

      Clarification: I am not in the “new normal” camp. It is possible, as I note, that some companies and even indexes will go down in the near future. But it is always a possibility and if your investing strategy even assumes that “now is the time to be hungry”, you need to rethink your life choices. So again, reminding us that stocks may go down is a bit irrelevant as we all know that.

    2. Playingwithmyrod on

      Let’s give negative interest rates a shot since no one seems to like the high rates. Let’s see real economic collapse enough of this recession edging.

    3. Californiawatchman on

      The amount of free money biden and democrats are giving away…clearly inflation isn’t going away.

    4. Corporations created the inflation with price gouging then blame the workers for it when they demand wages catch up some. It’s all sourced in the greed of the already rich and powerful. The cycle can only be stopped by breaking up the monopolies or taxing their windfall profits.

    5. Dude is quickly becoming a perma bear while the stock market continues to rip up.

    6. This boomer wiffs on at least half his predictions. Why do people line up to take a load from this chode?

    7. Squid-chaser on

      Market sells off 1000 points In 2022 because the next few years are going to be bad for the economy. Then the next few years are bearish who could’ve predicted this. Oh wait everyone.

    8. GlueSniffingCat on

      three of my IDs, SSNC, Medical Insurance cards, debit cards, bank accounting information, and check book were stolen from the hospital.

    9. sunplaysbass on

      Has this guy ever said anything positive / encouraging / optimistic?

      His other job besides alarming people (and complaining about govt spending that isn’t going to bank bailouts) is raking in cash and being a billionaire.

    10. We know… nobody cares.. so you’re saying the money in bonds is gonna continue to make 5+%??? #winning. And guess what the market will be at ATH as the rates stay the same or even go up. It’s math guys. It’s not hard. Buy SPY with both hands on every dip for the rest of your life.

    11. So buy puts but I gotta inverse that and buy calls. Then I gotta inverse what everyone doing. Puts it is

    12. Skywalker0138 on

      Talk is oh so cheap from this guy….I usually take alternate thinking.

    13. Slippin_Clerks on

      In other words, LET THE PEOPLE PROP UP THE RICH FAILURES PF THE ELITE

    14. Gotta be honest, I read INTERSTATE rates. I questioned my existence for a moment there as I pondered what an interstate rate was.

    15. If you listen to the clip it’s very reasonable. Simon asserts that the greatest risks are geopolitical risks which are unknown.

    16. FrenchFrieswmayo on

      Jamie Dimon makes $36 million last year. Jamie Dimon Regularly goes on CNBC and promotes the greatness of Trumps tax cuts. Why should anyone with any understanding of fiscal conservative policies listen to a guy who has nothing to say when asked directly the future cost to our country by Trumps tax cuts adding over a Trillion dollars a year, has nothing to say about Trump pushing back against the Fed when they wanted to start raising the artificially low almost ZERO percent lending to the banks back in 2017.
      This guy will sell out the country as long as he gets paid.

    17. Everyone with half a brain cell on each side is becoming bearish while regards duly laugh them off while buying next rounds of fds.
      It’s a regarded run market.

    18. In other words, companies have not yet taken their pound of flesh from the consumer

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