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“The world is not prepared for a scenario that could see the Federal Reserve raise rates to 7%.” The catastrophic hypothesis launched on Tuesday by JP Morgan’s number one Jamie Dimon does not fit into the current macroeconomic scenarios of any major investment bank, not even of JP Morgan’s own analysts. Yet the banker of the largest bank in the world threw it out there, highlighting the risks faced by those who have too much debt on their balance sheets when interest rates rise beyond…
2023-09-26 19:12:02
#rate #hike #prophecy #doom #Jamie #Dimon
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