Jamie Dimon of JP Morgan has issued a warning that the US is heading toward Stagflation – an economic downturn reminiscent of the 1970’s under Carter. Stagflation means high inflation, high unemployment while the stock market tanks. The fake numbers pushed by the Federal Reserve and the Biden/Harris White House may fool the fools, but BRICS countries are well-aware and Treasuries could become the biggest HIT.
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ECONOMY - JP Morgan Warns of Stagflation…
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Jamie Dimon of JP Morgan has issued a warning that the US is heading toward Stagflation – an economic downturn reminiscent of the 1970’s under Carter. Stagflation means high inflation, high unemployment while the stock market tanks. The fake numbers pushed by the Federal Reserve and the Biden/Harris White House may fool the fools, but BRICS countries are well-aware and Treasuries could become the biggest HIT.