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The Mask of Dimon Slips
Jamie Dimon calls for an economic hurricane. As the Fed attempts to fight inflation the bond market is selling off. High yields occur when bonds sell off. With high yields the cost to borrow becomes too high. Eventually banks will stop making loans and we will find ourselves in a economic depression while inflation is still high. Dimon is worried and it's telling.
I personally believe that the FED will pivot and try to rescue the economy from a depression leaving inflation high. When that happens assets will surge, the dollar will drop.
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