12 Sep 2023

Jamie at Barclays conference on Monday - some key takeaways:

- JPMorgan Chase CEO Jamie Dimon said Monday that while the U.S. economy is doing well, it would be a “huge mistake” to believe that it will last for years. - Topping his concerns include central banks reining in liquidity programs via “quantitative tightening,” the Ukraine war, and governments around the world “spending like drunken sailors,” the CEO said. - “To say the consumer is strong today, meaning you are going to have a booming environment for years, is a huge mistake,” Dimon said. - JPM's Dimon doesn’t find fixed income attractive despite the rise in rates: “I would not be a buyer of Treasuries at 4.2%, nor would I be a buyer of credit spreads at these spread levels,” Dimon said at the Barclays conf. He wouldn’t be surprised to see 10yr Treasury yields at 5.5% or oil at $120-150. Source: CNBC, HolgerZ

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