Jamie Dimon Expresses Concern Over Geopolitical Threats

According to Odaily, JPMorgan Chase CEO Jamie Dimon has expressed significant concern over escalating geopolitical threats, identifying global tensions as the most pressing threat to economic stability. In a speech at the Institute of International Finance last week, Dimon warned that ongoing conflicts in regions such as Ukraine and the Middle East could trigger a series of events potentially escalating into a global war, as reported by Fortune magazine. Dimon shifted focus away from current U.S. economic issues, stating that factors like a potential hard or soft landing in the next quarter are 'insignificant' compared to geopolitical problems. Despite his deep concerns, he acknowledged that the risk of large-scale conflict might decrease over time, suggesting that tensions could 'ease over time' and mentioning the possibility of ceasefires in regions like Ukraine and the Middle East. However, he expressed skepticism about significant improvements, adding, 'I talked about the risks we face if things deteriorate. The scenarios we envision would shock you. I don't even want to mention them.'