Jamie Dimon's dire warning for the economy; here's what he said

economictimes.indiatimes.com:

US economy has already been reeling from severe fears of an impending recession, along with fluctuation inflation reports. And, now, with the extreme uncertainty surrounding the upcoming US elections, things are becoming more complicated as of this moment. Jamie Dimon, CEO of JPMorgan Chase & Co. has now scared a major chunk of US investors and Americans altogether, by issuing a warning surrounding the US economy, claiming that dark days are lying in wait.

Is the US economy in danger?

The US economy could be in serious danger, if some factors are not catered to at the earliest, feels JPMorgan Chase' top boss, and with him panicking, the markets could also go into a freefall, suggest reports. According to Dimon, who heads the nation’s largest bank, has ended up highlighting several critical global risks that could bring the US economy on an edge of collapse, that could mean danger to the financial and geopolitical stability of the country as a whole.

Also Read: Democrats are increasingly anxious and panicking over Harris’ fate; some say, her campaign is stuck in the mud

Dimon is also of the opinion that remilitarization efforts are not the need of the hour, as it could be something that can bring about geopolitical instability. Instead, he has advised on the due handling of infrastructure needs, that could help in stabilizing the markets for now, and pacify any danger at the onset.

Looking at the bigger picture quite necessary

Firstly, there is an immediate need to keep a close watch at the bigger picture