Jamie Dimon criticizes BCS and Warning: Investors have ‘extraordinarily satisfaction’
The American market is very calm after the negotiation news between the China and the United States.
The CEO of the largest American bank, however, is not so quiet.
In your best ‘heartfelt’ style – the same is used Protect the Remote Work End – Jamie Dimon has once again heard the losses of economic markets and the loss of the global economy in the wake of the United States Protection Climbing.
During the day of JP Morgan investors’ day in New York, the impact of the Trump government’s tariffs is yet to be fully realized by the economy and warned that it would fall to 10% on US bags.
“People feel very good because they do not see the effect of tariffs. The market has fallen by 10% and I think this is an extraordinary self,” said Dimon.
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He recalled that the last time the US had imposed 10% tariffs on all his business partners, in 1971, before the strong economic confusion.
Despite the temporary relief in the markets after the suspension of some of the rates announced in April, most of the US exporting to the US has been accused.
According to Dimon, most companies have not yet reflected additional costs in their expectations, which can lead to negative profit reviews and stock prices.
Dimon also demonstrates anxiety about the risk of tightening credit in the horizon. “The prices of US assets are even higher,” he said. “I think credit is a bad risk today.”
For him, companies used to work with easy financing are facing difficulties as the illustration becomes even more challenging.
Dimon warned of geographical political developments. According to him, some countries are already looking for new trade agreements outside the US orbit in response to Trump’s tariff policy, which weakens the American position in global trade.
It remains to central banks. The executive has criticized the performance of monetary authorities around the world, in his view, in his eyes – it weakens the ability to soften the deterioration caused by tariffs. “They think they are omnipresent. They only define the short -term interest”He said.
