Increased borrowing to fund the green agenda, social programs and military buildup are all inflationary and will lead to persistent inflation that will ultimately drive rates up to 8% over time According to Dimon, CEO of JP Morgan https://www.wsj.com/articles/jamie-dimon-warns-u-s-might-face-interest-rate-spike-83789da7
Isn't that a good thing? Interest rates were way too low for way too long, and 8% historically is quite reasonable.
8% when the target inflation is 2% is absolutely not a good thing
It's a good thing if you don't have a job at Google or Amazon. At least not a job you were hoping to keep.
I kinda hope so. I’d love to see a forced recession! Already prepping for that government spending package to come which brings riches to infrastructure and construction.
That's not what the article says
Quote: Executive Jamie Dimon warned that U.S. interest rates could soar to 8% or more in coming years, reflecting the risk that record-high deficit spending and geopolitical stress will complicate the fight against inflation. “Huge fiscal spending, the trillions needed each year for the green economy, the remilitarization of the world and the restructuring of global trade—all are inflationary,” Dimon wrote in an annual letter to JPMorgan Chase shareholders released on Monday.
Here is what the article actually says "Dimon said his bank is preparing for a range of scenarios where interest rates could drop as low as 2% or head to “8% or even higher”" Your headline is misleading
He’s a joke 😂 Trying to push the market down
I think so too. Oil up. Gold up. Shipping container price up. Housing up. Theres no sign of slowdown. Discretionary spending up. Consumer confidence up.