JPMorgan CEO Jamie Dimon says pandemic savings would be exhausted by Christmas

Per Business Insider

The CEO of JPMorgan, Jamie Dimon, has said that the pandemic savings of Americans would be exhausted by Crhistmas. This comes as the CEO expressed more worry towards other global threats.

The CEO believes that this could result in an economic slowdown and a decrease in consumer spending. However, he did note that the downturn would be lessened by a few economic factors.

These factors included increased stock prices, wages, and home values over the course of the previous 10 to 15 years. Dimon said that despite a potential recession, consumers would still be okay.

Dimon: "I'm much more worried about some of these other serious things getting worse... The war in Ukraine spreading out, nuclear blackmail, food doesn't get delivered, starvation in Africa. I'm far more worried about that."

In April, Jamie Dimon was set to be questioned under oath for up to seven hours over the span of two days in depositions for lawsuits that were accusing his bank of complicity regarding Jeffrey Epstein's illicit activities.

In May, the JPMorgan CEO wanted regulators to look at short-selling bans on banks. He specifically commented on a short-selling ban on banks.

See flow at unusualwhales.com/flow.

Other News:

Resources:

Business Insider

Unusual Whales does not confirm the information's truthfulness or accuracy of the associated references, data, and cannot verify any of the information. Any content on this site or related pages are not intended to provide legal, tax, investment or insurance advice. Unusual Whales Inc. is not registered as a securities broker-dealer or an investment adviser with the U.S. Securities and Exchange Commission, the Financial Industry Regulatory Authority (“FINRA”) or any state securities regulatory authority. Nothing on Unusual Whales should be construed as an offer to sell, a solicitation of an offer to buy, or a recommendation for any security by Unusual Whales or any third party. Options, investing, trading is risky, and losses are more expected than profits. Please do own research before investing. Please only subscribe after reading our full terms and understanding options and the market, and the inherent risks of trading. It is highly recommended not to trade on this, or any, information from Unusual Whales. Markets are risky, and you will likely lose some or all of your capital. Please check our terms for full details.
Any content on this site or related pages are not intended to provide legal, tax, investment or insurance advice. Unusual Whales Inc. is not registered as a securities broker-dealer or an investment adviser with the U.S. Securities and Exchange Commission, the Financial Industry Regulatory Authority (“FINRA”) or any state securities regulatory authority. Nothing on Unusual Whales should be construed as an offer to sell, a solicitation of an offer to buy, or a recommendation for any security by Unusual Whales or any third party. Certain investment planning tools available on Unusual Whales may provide general investment education based on your input. You are solely responsible for determining whether any investment, investment strategy, security or related transaction is appropriate for you based on your personal investment objectives, financial circumstances and risk tolerance. You should consult your legal or tax professional regarding your specific situation. See terms for more information.