CEO of JP Morgan warns US of economic fate worse than recession
In September 2004,the price of gold was approximately $400 per ounce.
In September 2024, the price of gold is $2,600 per ounce- a 537.5% increase!
ING Bank “The rally is just starting.”
-9/9/2024
Goldman Sachs “Silver is about to soar.”
-9/17/2024
When financial titans like Jamie Dimon, Warren Buffett, Ray Dalio, ING Bank and Goldman Sachs speak, it’s time to take action!
The signals are clear: the time to protect your wealth is now!
These warnings from respected leaders should not be taken lightly.
Jamie Dimon, CEO of JPMorgan Chase, has cautioned that we could be facing a fate worse than a recession: Stagflation.
Jamie Dimon, CEO of JPMorgan Chase, has cautioned that we could be facing a fate worse than a recession: Stagflation.
Warren Buffett has echoed this sentiment, warning what’s coming could be “Worse than a Recession.”
Ray Dalio “We are on the Brink!” Ray has long pointed out that excessive government spending and money printing are driving inflation, eroding the value of our cash.
Historical Precedents: Inverted Yield Curves, Rate Cuts, Financial Turmoil
Given the recent economic data and forecasts, the market is anticipating significant rate cuts starting in September 2024 and continuing throughout 2025.
Each of these rate cuts came from a crisis and we are all in the danger zone!
January 2001: The tech bubble bursts; 0.5% rate cut.
April 2001: economy is suffering; another 0.5% cut.
After 9/11: The Federal Reserve makes its 3rd 2001 rate cut; 0.5%
August 2007: The housing market crash leads to a 0.5% cut.
January 2008: A 0.75% cut follows a stock market crash.
October 2008: Lehman Brothers fails; 0.5% cut.
March 2020: The pandemic starts; unscheduled 0.5% cut.
Additionally, going back prior to this century, the pattern was the same:
The longer the Fed waited to drop interest rates, the longer the bond-market had an inverted yield curve, resulting in severe economic fallout.
Those who are unprepared will face substantial financial challenges.
Stagflation and a weakened economy could crush stock markets, wiping out substantial portions of your retirement savings.
Rate cuts happening before the end of this year, will weaken the dollar, putting your wealth at risk.
The combined warnings from Jamie Dimon, Warren Buffett, and Ray Dalio are clear: the time to act is now!
