Premium Only Content

US is facing grave risks in the wake of rising global geopolitical tensions - JPMorgan boss
The US is facing grave risks in the wake of rising global geopolitical tensions and the nation’s domestic political polarization, Jamie Dimon, JPMorgan Chase chief executive, has warned.
In an annual shareholder letter the CEO of the largest US bank cited large amounts of government spending and efforts by the Federal Reserve to shrink its balance sheet, as well as the Ukraine conflict and the Israel-Hamas war, as creating an environment that “may very well be creating risks that could eclipse anything since World War II.”
“America’s global leadership role is being challenged outside by other nations and inside by our polarized electorate,” Dimon wrote.
“We need to find ways to put aside our differences and work in partnership with other Western nations in the name of democracy. During this time of great crises, uniting to protect our essential freedoms, including free enterprise, is paramount,” the chief executive urged.
The 68-year-old banker added that there is “a growing need for increased spending as we continue transitioning to a greener economy, restructuring global supply chains, boosting military expenditure and battling rising healthcare costs.”
Dimon said he was not as optimistic as the broader market that the US economy will achieve a ‘soft landing,’ in which it sees modest growth and declining inflation rates. Chances of a soft landing are “a lot less” than the 70% to 80% expected by some investors, he said.
“These significant and somewhat unprecedented forces cause us to remain cautious,” the JPMorgan boss concluded.
Meanwhile, Dimon said, China has been establishing itself as a “potential superpower” and strategically focusing on its economic security, while the West “slept.”
-
LIVE
Badlands Media
10 hours agoBaseless Conspiracies Ep. 145
24,710 watching -
2:50:50
TimcastIRL
4 hours agoTrump Deploys National Guard To DC, Federalizes Police, Liberals Protests Take Over| Timcast IRL
184K56 -
2:27:36
Barry Cunningham
7 hours agoBREAKING NEWS: PRESIDENT TRUMP ABSOLUTELY NUKED WASHINGTON D.C. AND THE MEDIA!
55.8K38 -
LIVE
Drew Hernandez
8 hours agoTRUMP'S DC TAKEOVER & ISRAEL KILLS AL JAZEERA TEAM AHEAD OF GAZA INVASION
739 watching -
1:19:05
Glenn Greenwald
5 hours agoTrump's DC Takeover: Is it Legal? Israel Kills More Journalists, Including Anas al-Sharif; Glenn Reacts to Pete Buttigieg and JD Vance on Israel | SYSTEM UPDATE #501
116K98 -
44:40
Katie Miller Pod
4 hours ago $2.98 earnedEpisode 1 - Vice President JD Vance | The Katie Miller Podcast
38.7K12 -
13:09:34
LFA TV
1 day agoLFA TV ALL DAY STREAM - MONDAY 8/11/25
210K20 -
1:44:36
RiftTV
6 hours agoBREAKING: Trump FEDERALIZES D.C. To RESTORE Law & Order | The Rift | Ryan Matta, Olivia Krolczyk + Braeden Sorbo
50.6K15 -
3:00:47
megimu32
4 hours agoOTS: Breakfast Nostalgia + Blind Chocolate Cereal Showdown… LIVE! 🍫🥣
41K2 -
3:36:47
LIVE WITH CHRIS'WORLD
12 hours agoLIVE WITH CHRIS’WORLD - It’s Called LAW & ORDER
34.3K4