Al-Marsad newspaper: The head of JPMorgan Chase & Co. The largest in the United States, from entering into a global economic hurricane.
“You know, I was talking about thunderclouds, but now I want to make a correction…there’s a hurricane coming,” Jamie Dimon said at a financial conference in New York. According to Russia Today.
Dimon advised analysts and investors attending the conference, “Hold on. JPMorgan is preparing, and our policy will be very conservative.”
“We’ve never seen a quantitative tightening of this scale before, and this may be an event that will be written into the history books in the next 50 years,” he added.
Another worrying factor, Dimon noted, is developments in Ukraine and their impact on commodity markets, including food and energy markets. He pointed out that oil prices in particular may reach $150 and $175 per barrel.