Economic Hurricane is coming

[Thinker101]

Jamie Dimon is no meteorologist, but the JPMorgan Chase CEO is predicting an economic "hurricane" caused by the war in Ukraine, rising inflation pressures and interest rate hikes from the Federal Reserve.

Brace yourselves for an economic 'hurricane,' Jamie Dimon says | CNN Business

 

[Esdraelon]

If the rumors about widespread food shortages turn out to be accurate, think Arab Spring-level violence in the U.S. Pampered people can get REALLY pissy if they are overly inconvenienced. For the truly poor, even raising the amount of food stamps won't matter if the food products simply aren't available to be purchased at any price.

 

[Rambunctious]

Its too late to stop it now....

 

[toobfreak]

Economic Hurricane is coming​

THAT'S JOE BIDDUM

 

[Rogue AI]

Intetest rates go up Wall St banks decry disaster eminent. It's been working since 2008, but that can't last forever. What's coming is a necessary correction coupled with disastrous liberal policies. Two separate things that merge only in screwing the American people.

 

[kyzr]

Interest rates go up Wall St banks decry disaster eminent. It's been working since 2008, but that can't last forever. What's coming is a necessary correction coupled with disastrous liberal policies. Two separate things that merge only in screwing the American people.

Fed interest rate hikes to fight inflation always works.
The trick is to make a "soft landing" and not crash the US economy.
A "rule of thumb" is that the interest rate needs to exceed the rate of inflation.
So the Fed still has a long way to go to chase down inflation.

The scary part is that inflation is a moving target.
The price of gas and diesel fuel is still rising fast, that will keep inflation moving up.
IMHO that's what Dimon and Musk are seeing as "super bad" or a "hurricane" on the horizon.