Linkedin Share

Major Financial Figure Says Recessions is Coming in ...

Linkedin Share

The American economy is at a tipping point, according to one of the most trusted names in Big Finance, and he’s warning the nation that “this is serious”.

Thanks to the continued fiscal bumbling of President Joe Biden, the United States is experiencing the worst inflation that we’ve seen for over four decades…and with no end in sight.  In fact, nearly a third of the nation is having trouble keeping up with their bills, signaling a very gloomy situation out on the horizon.

Now, one of JPMorgan’s most influential economic minds is sounding the alarm.

JPMorgan CEO Jamie Dimon on Monday warned that the U.S. is headed for a recession in the next six to nine months as volatile markets coincide with disorderly financial conditions.

Speaking to CNBC’s Julianna Tatebaum at the JPM Techstars conference in London, Dimon said U.S. consumers would be in better shape this time around than the 2008 global financial crisis but the current factors contributing to a recession were still a cause for concern.

Massive Migrant Caravan Marches Toward US with LGBT Flags Flying as Mexican President Snubs Biden at Summit

There was no mistaking the sentiment in his statement.

“But you can’t talk about the economy without talking about stuff in the future – and this is serious stuff,” Dimon said, citing inflation, quantitative easing, and Russia’s war with Ukraine.

“These are very, very serious things which I think are likely to push the U.S. and the world – I mean, Europe is already in recession, and they’re likely to put the U.S. in some kind of recession six to nine months from now,” he said.

Dimon’s warning comes a bit late for some economists, however, with many of the belief that the nation has already slipped into the dreaded financial situation.

Submit a Correction →

Linkedin Share
About the Author:
As a lifelong advocate for the dream promised us in the Constitution, Andrew West has spent his years authoring lush prose editorial dirges regarding America's fall from grace and her path back to prosperity. When West isn't railing against the offensive whims of the mainstream media or the ideological cruelty that is so rampant in the US, he spends his time seeking adventurous new food and fermented beverages, with the occasional round of golf peppered in.