Posted on 06/01/2022 9:54:55 AM PDT by American Number 181269513
Central banks “don’t have a choice because there’s too much liquidity in the system,” Dimon said, referring to the tightening actions. “They have to remove some of the liquidity to stop the speculation, reduce home prices and stuff like that.”
The other large factor worrying Dimon is the Ukraine war and its impact on commodities, including food and fuel. Oil “almost has to go up in price” because of disruptions caused by the worst European conflict since World War II, potentially hitting $150 or $175 a barrel, Dimon said.
Starvation? Food rationing? Tight money like there's never been before?
Dimon’s a very smart man - he knows banking. He’s also a democrat which means we won’t see eye to eye on culture or politics. But when the man talks ‘banking’ he’s at the top of top - best of the best. The fact he’s saying this and saying it so bluntly - is not comforting.
Caused by the Fed and Ukraine war......
Idiot much Dimon?!
Certainly, no mention of BidenIdiot’s policies yeah?
The idiocy is unreal.
So, he is concerned about banks. What do you take from his fear, that the investor should do?
Let’s go Brandon.
5.56mm
“One step the bank could take to gird itself for a coming hurricane is to push clients to move a type of lower-quality deposit called “non-operating deposits” into other places, such as money market funds, for example. That would help the bank manage its capital requirements under international rules, potentially helping it absorb a surge in bad loans.”
Lower quality deposits for their clients doesn’t sound like a good idea if the S is about to HTF.
Jamie Dimon did everything he can to make this situation happen.
Nice job, a-hole.
The Great Reset, by willing dupe Brandon.
The Fed = Biden
Ukraine = Biden
You’re exactly right, they only think they’ll be able to control it just like they be able to de-escalate the situation with Russia and the situation with China and the situation with Iran. These egos think they’re the smartest person in any room and that no one is able to resist their intelligence. Those are the worst sort of people to have in charge of anything.
You might not be able to get a loan for some time so if you anticipate some need - something you absolutely must do - (paying to get the roof fixed before your home is destroyed) - now is the time to move.
A financial hurricane might mean an over-correction could lead to a depression - or to hyper inflation... I get the feeling he's not totally comfortable with Biden's team's ability to tame the whirlwind... IMHO
Some Russians (and Russians know cold) model it as we are entering another LIA period right now.
Concurrently, it’s speculated one of the reasons for Russia’s takeover of the Crimea was to assure themselves of a warm weather port from now forward, as their northern seaports will be ice locked.
That along with a severe recession will finally allow auto dealerships to stock up on inventory and hopefully price stability. Probably be a good time to buy a car or truck towards year end and thereafter.
But if I were to guess I'd say the recent cooling is just a hiccup in the Modern Warm Period that's only 2 centuries long. With the Medieval Warm Period lasting 4 centuries, the Roman Warm Period lasting 6 centuries, and the Minoan Warm Period lasting 5 centuries, I'd say we probably have 2 to 4 more centuries left in the Modern Warm Period before it becomes a new LIA. I'd guess that the recent cooling is just a hiccup in the warming, much like the LIA's temporary warming around mid 1500's. I wouldn't be surprised if people living in the mid 1500's thought the LIA was over and they were heading back to warming --- only for temperatures to resume dropping and be much worse for the rest of the LIA than it was the first two centuries of the LIA.
I can’t imagine tight money will last. We will not return to 1980’s rates which is what is needed. They would trigger an absolute depression long before those rates kicked in. After a shellacking in November Bidet will implore easing again.
That’s called ‘no way out.’ The poor become destitute, the middle class replaces the poor, those connected at the top siphon from the bottom classes just as they have all throughout history.
Government ‘interventions’ only serve to make matters worse for the masses.
Disclaimer: Opinions posted on Free Republic are those of the individual posters and do not necessarily represent the opinion of Free Republic or its management. All materials posted herein are protected by copyright law and the exemption for fair use of copyrighted works.