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phpMyEdit Installation     JPMorgan CEO Warns of More Worrying recession
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jira13578     Joined: 16 Dec 2020   Posts: 561  
Post Posted: 2022-10-27 06:11
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An economic recession xo can be worrisome. It was an inevitable situation, but JPMorgan CEO warned that geopolitics was a more serious concern.

On October 26, 2022, CNN reported that Jamie Dimon, CEO of JPMorgan Chase (JPM), a leading wall businessman. Street thinks the current slowdown in the US economy is inevitable. But there are still more concerns. That's world geopolitics.

JPMorgan CEO Warns of More Worrying recession
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Asian media revealed another clip, the moment before Hu Jintao was acquitted, Xi Jinping reiterated his suspicions.

(Geography – Geographical Effects on Politics and International Relations)

Speaking at the Future Investment Initiative, a major economic forum in Riyadh, Saudi Arabia, Dubbed the "Desert Davos", Dimon said global geopolitics was more of a concern than a slowdown in the United States.

“There are a lot of things that are about to happen, which are not good at all and probably not necessary at all. but will push the United States into a recession.”

Jamie Dimon, CEO, JP Morgan
“Recession is not the most important thing we think. because we can manage But what worries me most is the geopolitics of the world today,” Daimon said onstage with CNN host Richard Quest.

Such geopolitics are The war in which Russia invaded Ukraine and the escalating relationship between the US and China which recently expanded Xi Jinping's power to run a country with the world's second-largest economic zone.

“Western relations worry me more than a mild recession or even a stronger recession,” said J.P. Morgan executives.

Broken relationship and its consequences since the national security Energy and food security are controversial issues on this forum.

Diamond and Stephen Schwarzman, CEO of Blackstone Group (BX), agree that the effects of isolation during the pandemic affect people-to-people communication and their ability to learn from others. reduce dependence

Ray Dalio, billionaire founder of the Bridgewater hedge fund, said the risks of an international war were real, so there was a need to take a more moderate and strong political path than extremist politics.

However, the relationship between the United States and Saudi Arabia may appear to be estranged in the case of OPEC Plus. reduce the amount of oil production Mr. Daimon sees that no matter what, they are inseparable. Confident that it will continue to be strong

“Saudi Arabia and the United States have been allies for 75 years. And there has never been a problem. However, the two countries will continue to fight and become allies,” Mr. Daimon said.

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