No. of Recommendations: 2
Thanks for posting this transcript and the video link. Dimon sounds like he's making a nod to Exxon's recent warning about crude inventory, which might trigger an inflation shock, and force even a dovish/compliant Fed to raise rates. A rate increase while the US is well into the late innings of a speculative bubble based (to a degree) on circular financing, which is currently contributing 50-75% of GDP growth.... Stagflation or deflation looks increasingly like a potential outcome.
Real estate and housing holds its value well. I'm adding on the dip.
