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It appears that the Trump administration has manage to temporarily postpone the inevitable
Jamie Dimon warns that investors are showing ‘extraordinary amount of complacency’
JPMorgan Chase CEO Jamie Dimon says the full effects of tariffs have yet to be felt and that markets are exhibiting an “extraordinary amount of complacency” in the face of those and other risks.
Dimon said he believes that the odds of stagflation — an economic circumstance of high inflation coupled with stagnant growth or, worse, a recession — are likely twice that of what others have projected.
In that event, he said, credit losses would rise, not to the extent they did during the financial crisis 17 years ago, but worse than expected.