JP Morgan CEO Dimon: "This may be the most dangerous time the world has seen in decades"

<p>JP Morgan CEO Jamie Dimon noted on the firm's Q3 earnings release</p><ul><li>the war in
Ukraine compounded by last week’s attacks on Israel may have far-reaching
impacts on energy and food markets, global trade, and geopolitical relationships.
</li><li>This may be the most dangerous time the world has seen in decades.</li><li> While we
hope for the best, we prepare the Firm for a broad range of outcomes</li></ul><p>On economic and monetary/fiscal policy issues:</p><ul><li>Currently, U.S. consumers and businesses generally remain
healthy, although, consumers are spending down their excess cash buffers.</li><li>
However, persistently tight labor markets as well as extremely high government
debt levels with the largest peacetime fiscal deficits ever are increasing the risks
that inflation remains elevated and that interest rates rise further from here.
</li><li>Additionally, we still do not know the longer-term consequences of quantitative
tightening, which reduces liquidity in the system at a time when market-making
capabilities are increasingly limited by regulations.</li></ul>

This article was written by Eamonn Sheridan at www.forexlive.com.