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The US (and Canada) could see 1970s-Style Stagflation: Jamie Dimon [Video]

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Canadian Economy and Markets

The US (and Canada) could see 1970s-Style Stagflation: Jamie Dimon

#canadianeconomy #stagflation #bankofcanada
The U.S. (and therefore Canada) could see stagflation similar to the 1970s (high inflation with high unemployment) this according to a recent Wall Street Journal interview with Jamie Dimon – CEO of JP Morgan Chase. Dimon says that with an economy propped up on debt, rising fiscal deficits, and rising oil prices we could resurgent inflation amid a worsening economy.
Links:
Why JPMorgan CEO Jamie Dimon Is Skeptical of an Economic Soft Landing | WSJ:

https://www.youtube.com/watch?v=mwnAGlNX9sk&t=106s
JPMorgan’s Jamie Dimon can’t shake the worry America is headed for a repeat of 1970s-style stagflation:

https://www.msn.com/en-us/money/markets/jpmorgan-s-jamie-dimon-can-t-shake-the-worry-america-is-headed-for-a-repeat-of-1970s-style-stagflation/ar-AA1nzFRU?ocid=weather-verthp-feeds
The world’s most powerful banker sees chance of “market panic”:

https://www.schiffsovereign.com/investing/the-worlds-most-powerful-banker-sees-chance-of-market-panic-23253/
Jamie Dimon says JPMorgan is hoarding cash because ‘very good chance’ inflation is here to stay:

https://www.cnbc.com/2021/06/14/jamie-dimon-jpmorgan-is-hoarding-cash-because-very-good-chance-inflation-here-to-stay.html?utm_term=Autofeed&utm_medium=Social&utm_content=Main&utm_source=Twitter#Echobox=1623689780
The lowest 5-year variable-rate mortgage in Canadian history is here:

https://ca.finance.yahoo.com/news/the-lowest-variable-rate-mortgage-in-canadian-history-is-here-165320457.html
Posthaste: Variable rate mortgages are booming — should we be worried?:

https://financialpost.com/executive/executive-summary/posthaste-variable-rate-mortgages-are-booming-should-we-be-worried
US Economy Slows and Inflation Jumps, Damping Soft-Landing Hopes:

https://www.bloomberg.com/news/articles/2024-04-25/us-economy-expands-at-1-6-rate-trailing-all-forecasts
Fears about stagflation are mounting in the US. It’s every central banker’s worst nightmare:

https://www.cnn.com/2024/04/25/economy/stagflation-us-economy-gdp/index.html
Six BoC rate cuts, lower home prices, sticky wage growth: What TD’s chief economist sees for 2024:

https://www.theglobeandmail.com/investing/markets/inside-the-market/article-tds-2024-economic-predictions-rate-cuts-easing-inflation-and-falling/
‘Crying out for relief’: Bank of Canada to cut rates more sharply than Fed, says CIBC:

https://financialpost.com/news/economy/bank-of-canada-to-cut-rates-more-sharply-than-fed-cibc
Letting it be – central banks hold the line as more clouds roll in:

https://thoughtleadership.rbc.com/letting-it-be-central-banks-hold-the-line-as-more-clouds-roll-in/
RBC tops estimates with $4.1B profit in Q1 to kick off big bank earnings:

https://globalnews.ca/news/8642590/rbc-profit-q1-2022/
Bank earnings to take hit as risk of losses on office loans grows: OSFI:

https://financialpost.com/fp-finance/banking/bank-earnings-take-hit-risk-losses-office-loans-grows-osfi
JPMorgan CEO Jamie Dimon hopes for soft landing for U.S. economy but says stagflation is possible:

https://www.nbcnews.com/business/economy/jp-morgan-jamie-dimon-hopes-soft-landing-us-economy-stagflation-rcna149580

Fears about stagflation are mounting in the US. It’s every central banker’s worst nightmare:

https://ca.finance.yahoo.com/news/fears-stagflation-mounting-us-every-212606297.html
What Is Stagflation, What Causes It, and Why Is It Bad?:

https://www.investopedia.com/terms/s/stagflation.asp
Unemployment Rate:

https://fred.stlouisfed.org/series/UNRATE
Federal Surplus or Deficit [-] as Percent of Gross Domestic Product:

https://fred.stlouisfed.org/series/FYFSGDA188S
Crude Oil Prices – 70 Year Historical Chart:

https://www.macrotrends.net/1369/crude-oil-price-history-chart
Interest Rates: Immediate Rates (24 Hours): Prime Rates: Total for Canada:

https://fred.stlouisfed.org/series/IRSTPI01CAM156NWhy US economy is powering ahead of Europe’s:

https://www.cbc.ca/news/business/armstrong-economy-us-canada-stimulus-interest-rate-1.7016698Mark Mitchell – Mortgage Broker London Ontario920 Commissioners road east London, Ontario N5Z 3J1Phone: (519)860-2102 (Call or Text)[email protected] Lic: 10464Broker Lic: M16001479https://www.LondonOntarioMortgages.ca – Apply Online!!Youtube Channel: https://www.youtube.com/c/MarkMitchellMortgageBrokerLondonOntarioSubscribe NOW for more Mortgage/Financial News/Videos.Follow me on Social Media:Instagram – https://www.instagram.com/mortgagebrokerlondonontarioFacebookhttps://www.facebook.com/londonontariomortgagesTwitterhttps://twitter.com/londonmortgage1/LinkedInhttps://www.linkedin.com/in/mark-mitchell-london-s-mortgage-broker-197842123/TikTokhttps://www.tiktok.com/@mortgagebrokerlondon?lang=enCommentary on this Channel should not be considered financial advice.

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