Rabu, 25 September 2024

Jamie Dimon: Don’t Count on a Soft Landing

JPMorgan (NYSE: JPM) CEO Jamie Dimon is NOT sure of a soft landing. He also doesn't think inflation will go away easily. Here's why.
 

Jamie Dimon: Don’t Count on a Soft Landing

By Ian Wyatt
September 25th, 2024

JPMorgan (NYSE: JPM) CEO Jamie Dimon says…

 

He’s not sure of a soft landing – and that inflation will not go away easily.

 

This AI bot could help you earn income that beats inflation.

 

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Following the Fed’s 0.5% rate cut…

 

Many experts are predicting a smooth economic recovery.

 

This means lower inflation without triggering a recession.

 

But Jamie Dimon is not so sure. In his own words…

 

“Hopefully we’re on the way to a soft landing. I wouldn’t count my eggs. I am a little more skeptical than other people. I give it lower odds.”

 

Dimon doubts inflation will “disappear that easily”

 

since it’s still higher than pre-Covid levels.

 

Economist David Rosenberg is even more concerned.

 

He dismissed the idea of a soft landing by saying he doesn’t believe in fairy tales.

 

Despite the recent rate cut…

 

Rosenberg thinks the Fed’s policies are still too tight.

 

He says that the 50-basis-point reduction was an admission that they had kept rates too high for too long.

 

Fed chair Jerome Powell has tried to put a positive spin on the economy.

 

But Rosenberg called it out by saying…

 

How can he talk about the U.S. economy being solid at the same time he talked about downside risk to the labor market outweighing upside risk to inflation?”

 

Will Dimon and Rosenberg be proven right?

 

Frankly, I don’t know.

 

But what I do know is that it’s crucial to have tools that can make you income that outpaces inflation—no matter WHAT happens next.

 

That’s why I’m urging my readers to install this AI bot asap.

 

Because it has proven to deliver 80% winning income trades in any market environment.

 

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Want to see how the NEXT trade could make you $6,250?

 

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Yours in Wealth,

 

Ian Wyatt

 

 

 

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