Jamie Dimon says the US has less than 50% odds of nailing a soft landing: ‘Don’t get lulled into a false sense of security’
Dimon refers to a US slowdown when an oil crisis sent inflation soaring and a recession took hold, a dire situation known as stagflation.
- Markets are too optimistic about a soft landing, JPMorgan chief Jamie Dimon told The Wall Street Journal.
- He expects soft landing odds to be half of what markets are pricing in.
- “Don’t get lulled into a false sense of security because the today looks okay.”
Things aren’t looking particularly rosy for markets and the economy, Jamie Dimon said in an interview with The Wall Street Journal.
“The odds of a soft landing, the market kind of prices in 70%. I think it’s half of that,” the JPMorgan chief said. “It looks a little bit more like the ’70s to me, and I point out to a lot of people, things looked pretty rosy in 1972 — they were not rosy in 1973.”
Dimon referred to a US slowdown at that time, when an oil crisis sent inflation soaring and a recession took hold, a dire situation known as stagflation.
