Jamie Dimon Warns of Stagflation Risk: ‘We Have To Be Prepared’

DIMON You ll have ░░░░░░░░ Somebody would say it ░░░░░░░░ going to happen I ░░░░░░░░ t want the readers ░░░░░░░░ He s predicting stagflation ░░░░░░░░ m not But we ░░░░░░░░ to be prepared for ░░░░░░░░ like that I think ░░░░░░░░ global fiscal deficits are ░░░░░░░░ I think the re ░░░░░░░░ of the world is ░░░░░░░░ The restructuring of trade ░░░░░░░░ inflationary And this is ░░░░░░░░ an American thing And ░░░░░░░░ infrastructure needs are inflationary ░░░░░░░░ know you have offsets ░░░░░░░░ have oil prices that ░░░░░░░░ down quite a bit ░░░░░░░░ is quite deflationary but ░░░░░░░░ know with all those ░░░░░░░░ taking place yeah you ░░░░░░░░ be surprised And I ░░░░░░░░ to read economic history ░░░░░░░░ you can look at ░░░░░░░░ I think it s ░░░░░░░░ very important to look ░░░░░░░░ what happened in 72 ░░░░░░░░ 74 and 80 and ░░░░░░░░ and 1990 Surprises happen ░░░░░░░░ most economists and most ░░░░░░░░ don t pick those ░░░░░░░░ points Those inflection points ░░░░░░░░ often driven by geopolitical ░░░░░░░░ things you don t ░░░░░░░░ know We had the ░░░░░░░░ crisis in 74 So ░░░░░░░░ just want to be ░░░░░░░░ for everything so we ░░░░░░░░ continue to serve our ░░░░░░░░ through thick or thin.”