JPMorgan -chief Executive Jamie Dimon says that investors are an eye on the threatening risk rates for the stock market and the economy.
In a JPMorgan -Webcast placed by Bloomberg Television, Dimon says that investors seem to work under a false sense of safety after the sharp rebound of the S&P 500 in recent weeks.
According to Dimon, investors do not seem to be aware of the adverse consequences of Trump’s rates, which he warns that inflation can recover, stagflation and fuel-growing anti-American sentiment abroad can activate.
“My own opinion, you know, people feel pretty good because you have not seen any effect of rates. The market fell by 10%, it is a backup of 10%. I think that is an extraordinary amount of complacency.
That is my own opinion that when I have seen all these things rise on each other that are on the edge of an extreme kind of things, I don’t think we can predict the outcome. And I think the chance of inflation goes up and stagflation will be higher than other people think.
There are too many things there are, and I think you can see the effect. Even if these low levels remain where they are now, they are fairly extreme rates.
And you also don’t know how every country will react and they respond. They start to conclude the trade agreements with other people, etc. and even if you want to reduce production, it takes three to four [years]Minimum to build a real factory. “
From the end of Tuesday, the S&P 500 acts at 5,940.
https://www.youtube.com/watch?v=WTDPMOY28JO
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