JP Morgan CEO Dimon is floating the risk of 7% rates: "worst case is 7% with stagflation"

<p>JPMorgan Chase CEO Jamie Dimon was speaking in an interview with the Times of India. Dimon is in Mumbai attending a JPMorgan investor summit.</p><ul><li>“I am not sure if the world is prepared for 7%,” </li><li>“I ask people in business, ‘Are you prepared for something like 7%?’ The worst case is 7% with stagflation. If they are going to have lower volumes and higher rates, there will be stress in the system,”</li><li>Dimon cautioned that another two percentage points of rate hikes would be “more painful” than the last two.</li></ul><p>—</p><p>Wow, Dimon with the scary prognostications. Maybe he ate bad curry or something?</p>

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