Article

2022-06-02 Economy

J.P. Morgan's Jamie Dimon Warns of Economic ‘Hurricane'

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Posted by Besoeker 2022-06-02 01:09|| || Front Page|| [9 views ] Top

#1 See: 1979-82.

Also, color me unimpressed by the Fed's unwinding their balance sheet. It is EXACTLY the right ste to take--they should never, ever have let it balloon to $9B--but $47.5K is just about 1/2 of 1% per month. Impact to be not nearly enough.

Posted by Tom 2022-06-02 14:25|| 2022-06-02 14:25|| Front Page Top

#2 Further to the point, Dimon says we've never had QT like this before.

This is a true statement, but it's only true because no Fed in history was every dumb enough to blow up its balance sheet to $9T. If you don't have anything to unwind, then you don't unwind. It really is that simple.

Posted by Tom 2022-06-02 14:27|| 2022-06-02 14:27|| Front Page Top

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