Inflationary growth, national debt buildup, interest rate increases, and liquidity problems are all on the rise as economies struggle to recover from war and pandemics.
The financial sector in particular is very vulnerable to what is now widely believed to be a weak foundation.
According to a Reuters article published on October 13, JPMorgan Chase & Co (NYSE: JPM) CEO Jamie Dimon thinks that various geopolitical variables, such as the continuing war in Ukraine and strife in Israel, might maintain inflation at excessive levels.
According to others, “this may be the most dangerous time the world has seen in decades.” CME Group data showing price for 30-day FED Funds futures reveals an interesting 90% possibility that the Federal Reserve of the United States will not raise interest rates at their next meeting on November 1. A month ago, the likelihood was 57%, thus this is a significant increase.
But JPMorgan Chase & Co. has good news for its shareholders in the third quarter of 2023. With the recent interest rate increases having a positive effect, JPM’s NII increased by 30% from Q2 to Q3, reaching $22.9 billion.
Although this is the case, JPMorgan Chase & Co stock has suffered in the previous three months, falling from $148.70 per share to $145.81 at the time of publishing. Notably, Jamie Dimon is not alone in foreseeing a difficult future.
Bloomberg Intelligence Senior Macro Strategist Mike McGlone has been warning his followers about an impending stock market slump based on the behavior of leading indicators like commodities and Bitcoin (BTC). On October 12, Finbold revealed McGlone’s latest warning of a huge reset.
Bitcoin’s decline (after its rise) might trigger a “great reset.” “The technical mantra that ‘it will go up because it rose’ (…) is showing the opposite in crypto assets and base metals,” which some may call momentum.
Best-selling author Robert Kiyosaki has been advocating Bitcoin, gold, and silver as safe haven investments in anticipation of what he predicts will be a hyperinflationary fall of the US Dollar (USD).
Famous names in finance like Ray Dalio and Peter Schiff have also been sounding the alarm about an impending and historic debt disaster in the United States.
Given the current situation and the abundance of warning signs, it’s possible that this is one of the riskiest periods ever for investors. Due to the previously stated unexpected and unforeseeable economic reality mankind is living in, not even the most experienced people are entirely confident of what is coming next.
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