via foxbusiness
JPMorgan Chase CEO Jamie Dimon sounded the alarm over the state of the economy on Monday, warning that the “booming environment” cannot last forever.
Speaking at the Barclays Global Financial Services Conference in New York, Dimon warned of significant headwinds to the economy, including geopolitical tensions, government spending and monetary policy tightening by central banks across the world.
“We’ve been spending money like drunken sailors around the world, this war in Ukraine is still going on. Those are really big buts,” he said. “To say the consumer is strong today, meaning you are going to have a booming environment for years, is a huge mistake.”
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