{"id":442166,"date":"2022-05-04T19:41:31","date_gmt":"2022-05-04T16:41:31","guid":{"rendered":"https:\/\/en.buradabiliyorum.com\/jpmorgans-jamie-dimon-warns-cold-war-is-back\/"},"modified":"2022-05-04T19:41:31","modified_gmt":"2022-05-04T16:41:31","slug":"jpmorgans-jamie-dimon-warns-cold-war-is-back","status":"publish","type":"post","link":"https:\/\/buradabiliyorum.com\/en\/jpmorgans-jamie-dimon-warns-cold-war-is-back\/","title":{"rendered":"#JPMorgan&#8217;s Jamie Dimon warns &#8216;cold war is back&#8217;"},"content":{"rendered":"<div id=\"ez-toc-container\" class=\"ez-toc-v2_0_84 counter-hierarchy ez-toc-counter ez-toc-custom ez-toc-container-direction\">\n<p class=\"ez-toc-title\" style=\"cursor:inherit\">Table of Contents<\/p>\n<label for=\"ez-toc-cssicon-toggle-item-6a2e1c94b481b\" class=\"ez-toc-cssicon-toggle-label\"><span class=\"\"><span class=\"eztoc-hide\" style=\"display:none;\">Toggle<\/span><span class=\"ez-toc-icon-toggle-span\"><svg style=\"fill: #dd3333;color:#dd3333\" xmlns=\"http:\/\/www.w3.org\/2000\/svg\" class=\"list-377408\" width=\"20px\" height=\"20px\" viewBox=\"0 0 24 24\" fill=\"none\"><path d=\"M6 6H4v2h2V6zm14 0H8v2h12V6zM4 11h2v2H4v-2zm16 0H8v2h12v-2zM4 16h2v2H4v-2zm16 0H8v2h12v-2z\" fill=\"currentColor\"><\/path><\/svg><svg style=\"fill: #dd3333;color:#dd3333\" class=\"arrow-unsorted-368013\" xmlns=\"http:\/\/www.w3.org\/2000\/svg\" width=\"10px\" height=\"10px\" viewBox=\"0 0 24 24\" version=\"1.2\" baseProfile=\"tiny\"><path d=\"M18.2 9.3l-6.2-6.3-6.2 6.3c-.2.2-.3.4-.3.7s.1.5.3.7c.2.2.4.3.7.3h11c.3 0 .5-.1.7-.3.2-.2.3-.5.3-.7s-.1-.5-.3-.7zM5.8 14.7l6.2 6.3 6.2-6.3c.2-.2.3-.5.3-.7s-.1-.5-.3-.7c-.2-.2-.4-.3-.7-.3h-11c-.3 0-.5.1-.7.3-.2.2-.3.5-.3.7s.1.5.3.7z\"\/><\/svg><\/span><\/span><\/label><input type=\"checkbox\"  id=\"ez-toc-cssicon-toggle-item-6a2e1c94b481b\" checked aria-label=\"Toggle\" \/><nav><ul class='ez-toc-list ez-toc-list-level-1 ' ><li class='ez-toc-page-1 ez-toc-heading-level-1'><a class=\"ez-toc-link ez-toc-heading-1\" href=\"https:\/\/buradabiliyorum.com\/en\/jpmorgans-jamie-dimon-warns-cold-war-is-back\/#%E2%80%9CJPMorgans_Jamie_Dimon_warns_%E2%80%98cold_war_is_back%E2%80%9D\" >&#8220;JPMorgan&#8217;s Jamie Dimon warns &#8216;cold war is back&#8217;&#8221;<\/a><\/li><\/ul><\/nav><\/div>\n<h1>&#8220;JPMorgan&#8217;s Jamie Dimon warns &#8216;cold war is back'&#8221;<\/h1>\n<div>\n<aside class=\"single__inline-module alignleft\">\n<\/aside>\n<p>JPMorgan chief Jamie Dimon gave another dire warning about the Ukraine war\u2019s potential long-term impact on the global economy on Wednesday \u2013 cautioning that an escalation in the brutal Russian invasion is a potential \u201cdisaster\u201d that could cause an economic slowdown.<\/p>\n<p>Dimon indicated that he is more concerned about possible escalation in the Ukraine war than he has about the mounting fears of a recession as the Federal Reserve moves to hike interest rates to curb inflation.<\/p>\n<p>\u201cBasically, the Cold War is back,\u201d Dimon said during an interview with Bloomberg. \u201cI think the whole world learned something that we always knew \u2013 that national security is always the most important thing, but it kind of recedes in the background when we\u2019re all doing well.\u201d<\/p>\n<p>Dimon asserted there was a \u201cchance\u201d that the Russia-Ukraine war could last for \u201cyears\u201d \u2013 an outcome that he warned would \u201ccompletely rattle global energy markets, wheat markets, commodity markets.\u201d<\/p>\n<p>The bank boss called on the Biden administration and Western allies to take im<a href=\"https:\/\/buradabiliyorum.com\/en\/category\/social-mediaa\/\" data-internallinksmanager029f6b8e52c=\"1\" title=\"Social Media\" target=\"_blank\" rel=\"noopener\">media<\/a>te steps to boost a \u201cprecarious\u201d global energy market \u2013 with a focus on ensuring that European nations that have long relied on Russian energy have viable alternatives available.<\/p>\n<figure class=\"wp-block-image size-large\"><img decoding=\"async\" loading=\"lazy\" width=\"1024\" height=\"682\" src=\"https:\/\/nypost.com\/wp-content\/uploads\/sites\/2\/2022\/05\/jamie-dimon-recession-increased-07.jpg?w=1024\" alt=\"gas prices\" class=\"wp-image-22134780\" srcset=\"https:\/\/nypost.com\/wp-content\/uploads\/sites\/2\/2022\/05\/jamie-dimon-recession-increased-07.jpg?quality=75&amp;strip=all&amp;w=1535 1536w, https:\/\/nypost.com\/wp-content\/uploads\/sites\/2\/2022\/05\/jamie-dimon-recession-increased-07.jpg?quality=75&amp;strip=all 1024w, https:\/\/nypost.com\/wp-content\/uploads\/sites\/2\/2022\/05\/jamie-dimon-recession-increased-07.jpg?quality=75&amp;strip=all&amp;w=512 512w\" sizes=\"auto, (max-width: 1024px) 100vw, 1024px\"\/><figcaption>The cost of goods and services have surged in the last year.<\/figcaption><figcaption><span class=\"credit\">AFP via Getty Images<\/span><\/figcaption><\/figure>\n<p>\u201cThe Cold War is back,\u201d Dimon repeated. \u201cThe allies have to coalesce and not just for military purposes but for global, economic, strategic investment purposes so that we\u2019ve got a safe world. If we don\u2019t do that, Ukraine, you could see that all around the world. You could see forms of chaos.\u201d<\/p>\n<p>Dimon\u2019s interview with the outlet surfaced hours before the Fed was set to announce the next phase in its an effort to fight inflation. The central bank is projected to tee up a half-percentage-point hike in its benchmark interest rate and unveil its plan to trim down its nearly $9 trillion balance sheet.<\/p>\n<p>Dimon said he felt the Fed was \u201ca little late\u201d in taking action on inflation, which hit a four-decade high of 8.5% in March.<\/p>\n<figure class=\"wp-block-image size-large\"><img decoding=\"async\" loading=\"lazy\" width=\"1024\" height=\"682\" src=\"https:\/\/nypost.com\/wp-content\/uploads\/sites\/2\/2022\/05\/jamie-dimon-recession-increased-04.jpg?w=1024\" alt=\"jamie dimon\" class=\"wp-image-22134790\" srcset=\"https:\/\/nypost.com\/wp-content\/uploads\/sites\/2\/2022\/05\/jamie-dimon-recession-increased-04.jpg?quality=75&amp;strip=all&amp;w=1535 1536w, https:\/\/nypost.com\/wp-content\/uploads\/sites\/2\/2022\/05\/jamie-dimon-recession-increased-04.jpg?quality=75&amp;strip=all 1024w, https:\/\/nypost.com\/wp-content\/uploads\/sites\/2\/2022\/05\/jamie-dimon-recession-increased-04.jpg?quality=75&amp;strip=all&amp;w=512 512w\" sizes=\"auto, (max-width: 1024px) 100vw, 1024px\"\/><figcaption>Jamie Dimon has moderated his warnings \u2014 and said he\u2019s still optimistic about the economy.<\/figcaption><figcaption><span class=\"credit\">REUTERS<\/span><\/figcaption><\/figure>\n<p>\u201cRemember, two years ago we had 15% unemployment and no vaccine. So I think people should take a deep breath, give them a chance and I think the sooner they move, the better,\u201d Dimon said.<\/p>\n<p>But even as Dimon outlined his view of the odds of a recession \u2014 there\u2019s a 33% chance America has a \u201csoft landing,\u201d a 33% chance of a mild recession and 33% chance of a severe recession \u2014 he moderated his tone and added the economy is currently \u201cvery strong\u201d and that consumers are in \u201cgreat shape.\u201d<\/p>\n<p>Dimon\u2019s comments come less than a month after JPMorgan, America\u2019s largest bank, reported dis<a href=\"https:\/\/buradabiliyorum.com\/en\/category\/download-scripts-themes-apps\/\" data-internallinksmanager029f6b8e52c=\"9\" title=\"Download Scripts &amp; Themes &amp; Apps\" target=\"_blank\" rel=\"noopener\">app<\/a>ointing earnings that were 42% lower than the same period in 2021. At the time Dimon warned <a rel=\"nofollow noopener\" target=\"_blank\" href=\"https:\/\/www.jpmorganchase.com\/content\/dam\/jpmc\/jpmorgan-chase-and-co\/investor-relations\/documents\/quarterly-earnings\/2022\/1st-quarter\/c1afebcf-9ba1-44de-97fc-a446d7baf619.pdf\">in a statement\u00a0<\/a>there would be \u201csignificant geopolitical and economic challenges ahead due to high inflation, supply chain issues and the war in Ukraine.\u201d<\/p>\n<p>US inflation is running at 8.5%, according to the most recent read from the feds, its highest level since 1981 and a threat to everyday Americans when it comes to rising prices at the cash register \u2014 and to corporations, which are seeing their profit margins threatened.\n                        <\/p><\/div>\n<blockquote><p><strong><span style=\"color: #ff6600;\">If you liked the article, do not forget to share it with your friends. Follow us on\u00a0<span style=\"color: #ff0000;\"><a style=\"color: #ff0000;\" href=\"https:\/\/news.google.com\/publications\/CAAqBwgKMLG0nwswvr63Aw\" target=\"_blank\" rel=\"nofollow noopener noreferrer\">Google News<\/a><\/span>\u00a0too, click on the star and choose us from your favorites.<\/span><\/strong><\/p><\/blockquote>\n<blockquote>\n<p style=\"text-align: center;\">For forums sites go to <span style=\"color: #ff9900;\"><a style=\"color: #ff9900;\" href=\"https:\/\/forum.buradabiliyorum.com\/\" target=\"_blank\" rel=\"noopener\">Forum.BuradaBiliyorum.Com<\/a><\/span><\/strong><\/p>\n<\/blockquote>\n<blockquote>\n<p style=\"text-align: center;\"><strong>If you want to read more <a href=\"https:\/\/buradabiliyorum.com\/en\/category\/news\/\" data-internallinksmanager029f6b8e52c=\"2\" title=\"News\" target=\"_blank\" rel=\"noopener\">News<\/a> articles, you can visit our <span style=\"color: #ff9900;\"><a style=\"color: #ff9900;\" href=\"https:\/\/en.buradabiliyorum.com\/news\/\" target=\"_blank\" rel=\"noopener\">News category.<\/a><\/span><\/strong><\/p>\n<\/blockquote>\n<p><span style=\"color: black;\"><a style=\"color: #ff9900;\" href=\"https:\/\/nypost.com\/2022\/05\/04\/jpmorgans-jamie-dimon-warns-cold-war-is-back\/\" target=\"_blank\" rel=\"noopener\">Source<\/a><\/span><\/p>\n","protected":false},"excerpt":{"rendered":"<p>&#8220;JPMorgan&#8217;s Jamie Dimon warns &#8216;cold war is back&#8217;&#8221; JPMorgan chief Jamie Dimon gave another dire warning about the Ukraine war\u2019s potential long-term impact on the global economy on Wednesday \u2013 cautioning that an escalation in the brutal Russian invasion is a potential \u201cdisaster\u201d that could cause an economic slowdown. Dimon indicated that he is more&#8230;<\/p>\n","protected":false},"author":1,"featured_media":442167,"comment_status":"open","ping_status":"open","sticky":false,"template":"","format":"standard","meta":{"fifu_image_url":"https:\/\/nypost.com\/wp-content\/uploads\/sites\/2\/2022\/05\/jamie-dimon-recession-increased-feat-image.jpg?quality=75&strip=all&w=1024","fifu_image_alt":"","footnotes":""},"categories":[70897],"tags":[128828,70551,70791,70792,91261,126128],"class_list":["post-442166","post","type-post","status-publish","format-standard","has-post-thumbnail","hentry","category-news","tag-5-4-22","tag-inflation","tag-jamie-dimon","tag-jpmorgan-chase","tag-recession","tag-ukraine-war"],"_links":{"self":[{"href":"https:\/\/buradabiliyorum.com\/en\/wp-json\/wp\/v2\/posts\/442166","targetHints":{"allow":["GET"]}}],"collection":[{"href":"https:\/\/buradabiliyorum.com\/en\/wp-json\/wp\/v2\/posts"}],"about":[{"href":"https:\/\/buradabiliyorum.com\/en\/wp-json\/wp\/v2\/types\/post"}],"author":[{"embeddable":true,"href":"https:\/\/buradabiliyorum.com\/en\/wp-json\/wp\/v2\/users\/1"}],"replies":[{"embeddable":true,"href":"https:\/\/buradabiliyorum.com\/en\/wp-json\/wp\/v2\/comments?post=442166"}],"version-history":[{"count":0,"href":"https:\/\/buradabiliyorum.com\/en\/wp-json\/wp\/v2\/posts\/442166\/revisions"}],"wp:featuredmedia":[{"embeddable":true,"href":"https:\/\/buradabiliyorum.com\/en\/wp-json\/wp\/v2\/media\/442167"}],"wp:attachment":[{"href":"https:\/\/buradabiliyorum.com\/en\/wp-json\/wp\/v2\/media?parent=442166"}],"wp:term":[{"taxonomy":"category","embeddable":true,"href":"https:\/\/buradabiliyorum.com\/en\/wp-json\/wp\/v2\/categories?post=442166"},{"taxonomy":"post_tag","embeddable":true,"href":"https:\/\/buradabiliyorum.com\/en\/wp-json\/wp\/v2\/tags?post=442166"}],"curies":[{"name":"wp","href":"https:\/\/api.w.org\/{rel}","templated":true}]}}