No. of Recommendations: 1
" Credit Cycle
Dimon continued, "I do believe that when we have a credit cycle, which will happen one day, losses on all leveraged lending in general will be higher than expected, relative to the environment." We've been extensively tracking the cracks emerging across credit (latest here).
Geopolitics
On the topic of what appears to be Eurasia on fire, with multiple warzones raging, Dimon emphasized three critical issues about preserving the American empire:
The United States must maintain the premier military force in the world.
The United States must maintain its preeminent economic position in the world, which also requires reigniting the American Dream.
The United States must manage its foreign economic affairs to strengthen the U.S. economy and that of our critical allies so that the first two points remain true."
https://www.zerohedge.com/markets/jpms-dimon-warns... 