Despite the downward inflation trend, JPMorgan CEO Jamie Dimon, 68, isn’t ruling out a “hard landing” for the US economy.
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A lot of CEOs are full of shit but Dimon gives them all a run for his money. He’s out of touch with the 21st century, as evidenced by all his WFH bullshit.
Sure, stagflation would be bad. But inflation is cooling at a record pace. A month of that slowing doesn’t mean the world is ending. 2 years ago we were at about 8% inflation, now it’s 3.4%. The goal is 2-3%