Three days after Jamie Dimon sparked a marketwide selloff which sent stocks to fresh 2022 lows after he predicted a US recession in "6 to 9" months, citing drivers including rising interest rates, persistent inflation and Russia’s invasion of Ukraine, and warned stocks could drop another 20%, the JPMorgan CEO who is expected to report earnings tomorrow (and hopefully clarify why his bank refuses to move its deposit rate above 0.
01% in the process keeping $2.2 trillion in liquidity locked inside the overnight funding facility), doubled down…Jamie Dimon Says Oil And Gas Is The Only Way To Protect America
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