World primed for economic ‘storm,’ JPMorgan CEO warns

TOKYO — Conditions for an economic storm, including monetary tightening, inflation and the war in Ukraine, have all fallen into place, JPMorgan Chase CEO Jamie Dimon told Nikkei, warning that the world could see more “surprises” like the near meltdown of U.K. pension funds.

Dimon had previously predicted an economic “hurricane” in June, challenging the more bullish outlook held by other Wall Street executives at the time.

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“The storm I was talking about, or the potential storm, includes inflation, higher rates, global tightening, quantitative tightening and the effect of the war on the global economy — particularly oil prices, food prices, supply chain issues, etc.,” he said. “Those things have all kind of happened.”


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