Bitget App
Trade smarter
Buy cryptoMarketsTradeFuturesEarnWeb3SquareMore
Trade
Spot
Buy and sell crypto with ease
Margin
Amplify your capital and maximize fund efficiency
Onchain
Going Onchain, without going Onchain!
Convert
Zero fees, no slippage
Explore
Launchhub
Gain the edge early and start winning
Copy
Copy elite trader with one click
Bots
Simple, fast, and reliable AI trading bot
Trade
USDT-M Futures
Futures settled in USDT
USDC-M Futures
Futures settled in USDC
Coin-M Futures
Futures settled in cryptocurrencies
Explore
Futures guide
A beginner-to-advanced journey in futures trading
Futures promotions
Generous rewards await
Overview
A variety of products to grow your assets
Simple Earn
Deposit and withdraw anytime to earn flexible returns with zero risk
On-chain Earn
Earn profits daily without risking principal
Structured Earn
Robust financial innovation to navigate market swings
VIP and Wealth Management
Premium services for smart wealth management
Loans
Flexible borrowing with high fund security
JPMorgan CEO Jamie Dimon warns of escalating geopolitical risks

JPMorgan CEO Jamie Dimon warns of escalating geopolitical risks

GrafaGrafa2024/09/25 03:30
By:Liezl Gambe

Jamie Simon, CEO of JPMorgan Chase, has issued a warning about the growing geopolitical risks that he believes pose a greater threat to global stability than economic challenges.

Dimon pointed to ongoing global conflicts, including the Ukraine-Russia war and recent attacks on oil tankers in the Red Sea by Yemen’s Houthi rebels, as key examples of rising tensions.

In an interview with CNBC-TV18, Dimon stressed that these geopolitical issues are "getting worse, not better," and could lead to serious disruptions, especially in the global energy supply.

He warned that there is potential for other countries to get involved in these conflicts, increasing the likelihood of accidents or further destabilization.

Dimon has previously named geopolitics as the largest global threat, a stance he reiterated by saying, “Geopolitics may determine the state of the economy.”

While Dimon has historically been optimistic about the U.S. economy’s long-term prospects, he is more cautious about the current environment, especially amid recent optimism following Federal Reserve rate cuts.

He advised against overconfidence, noting that markets are pricing in a highly positive outlook, but he remains on the “cautious side,” emphasizing that optimism may lead to economic miscalculations.

Despite the Federal Reserve’s moves to lower interest rates, Dimon believes the global risks from geopolitical tensions warrant a more reserved approach to the market's future outlook.

0

Disclaimer: The content of this article solely reflects the author's opinion and does not represent the platform in any capacity. This article is not intended to serve as a reference for making investment decisions.

PoolX: Locked for new tokens.
APR up to 10%. Always on, always get airdrop.
Lock now!