Inflation seems to be spiraling out of control, with ominous warnings of 8% interest rates and rising gold consumption.
Just think. Three months ago the street saw 6 rate cuts coming in 2024 😂
8% interest rates would put mortgage rates over 10% 💀 pic.twitter.com/KHsKDic2sc
— QE Infinity (@StealthQE4) April 9, 2024
Interest Rates could soar to 8% warns JP Morgan CEO Jamie Dimon pic.twitter.com/nWZuo0PDPn
— Win Smart, CFA (@WinfieldSmart) April 9, 2024
“In his annual letter to investors, Jamie Dimon, the CEO of JP Morgan Chase, said that the world had been “generally on a path to becoming stronger and safer” in recent years, but experienced a significant setback in February 2022 with Russia’s invasion of Ukraine, The Guardian reported.
“When terrible events happen, we tend to overestimate the effect they will have on the global economy,” Dimon said. “Recent events, however, may very well be creating risks that could eclipse anything since world war II – we should not take them lightly.”
JP Morgan boss Jamie Dimon urges unity amidst global challenges, calls for collaborative efforts in letter
Jamie Dimon’s annual letter to JPMorgan Chase shareholders provides insights not only into his perspectives on business but also on the economy, describing the current period as a “pivotal moment for America and the free world.” Dimon addresses deep divisions within the country and the uncertainty prevailing on a global scale.
The CEO of Wall Street banking didn’t specifically reference the conflict between Israel and Gaza in recent months. However, he acknowledged the “abhorrent attack on Israel and ongoing violence in the Middle East.” In his letter, he highlighted that these events have disrupted numerous assumptions about future safety and security, leading us to a “pivotal time in history,” NY Times reported.”
insiderpaper.com/jpmorgans-jamie-dimon-sounds-alarm-about-possible-worst-risks-to-us-since-ww2/
If I were a policymaker, I would be paying very close attention to the trend unfolding in the chart below.
When weighted equally, commodity prices are currently experiencing another major wave of appreciation.
While it is often underestimated, the structural issues driving… pic.twitter.com/OWBTg41Alo
— Otavio (Tavi) Costa (@TaviCosta) April 8, 2024
Everybody Is Asking The Question:
Who Is BUYING GOLD?!
Well, folks, the answer is that it's none other than the Central Banks which have been buying the shiny yellow metal in hordes.
The CB Quarterly Gold Consumption has skyrocketed since early 2022.
In fact, the… pic.twitter.com/2iP7xKgPxp
— Wall Street Silver (@WallStreetSilv) April 8, 2024
We are living in the Great Depression 2.0 right now …
🔥🔥🔥Prices have outrun income by a vast margin, but Biden wants you to believe that everything is great. pic.twitter.com/Tq53K3m3GC
— Wall Street Silver (@WallStreetSilv) April 9, 2024
Markets are pricing a higher probability of oil being in the 90-100$ range by year-end pic.twitter.com/iyNQJfiCKK
— Win Smart, CFA (@WinfieldSmart) April 9, 2024
Will #silver hit limit up circuit breaker in Shanghai again today?
This is starting to resemble the nickel massive short squeeze… just saying t.co/gn4Sl24Bk4
— JustDario 🏊♂️ (@DarioCpx) April 9, 2024
Views: 4,578