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<header class="article__header"> </header> <div class="featured_image_container"> <img width="1280" height="720" src="https://www.fr24news.com/fr/a1/wp-content/uploads/2021/06/JPMorgan-stocke-de-largent-Le-PDG-affirme-quil-y.jpg" class="story__img article__poster" alt="JPMorgan stocke de l'argent - Le PDG affirme qu'il y a une "très bonne chance que l'inflation sera plus que transitoire"" loading="lazy" /> </div> <strong>La banque d'investissement JPMorgan Chase stocke des liquidités selon le PDG de la société, Jamie Dimon. Le banquier d'investissement ne semble pas croire que l'inflation est « transitoire » et il pense qu'il y a de « très bonnes chances » que l'inflation persiste.</strong>
JPMorgan Chase CEO: “I expect to see higher rates and more inflation”
In late April, Bitcoin.com News reported on the Federal Open Market Committee (FOMC) and explained how FOMC members said the benchmark interest rate will stay close to zero. Additionally, FOMC members also said the committee was not overly concerned about inflation, but admitted that inflation may have “transient effects” on the US economy.
JPMorgan boss Chase doesn’t believe that’s the case, according to his recent statements. While telling the public that he warned people against cryptocurrencies at the end of May, Dimon recently warned of soaring inflation, alongside Larry Summers’ inflation forecast.
On Monday at a conference, Dimon reiterated his inflation forecast and noted that his financial institution was “effectively storing” cash. The reason JPMorgan Chase is hoarding money is because Dimon believes inflation won’t be temporary.
“We have a lot of money and capacity and we are going to be very patient, because I think you have a very good chance that inflation is more than transient,” Dimon explained at the conference. Dimon further claimed that JPMorgan Chase would be prepared for incoming inflation levels and higher rates.
“If you look at our balance sheet, we have $ 500 billion in cash, we’ve actually been storing more and more cash while waiting for opportunities to invest at higher rates,” Dimon pointed out. “I expect to see higher rates and more inflation, and we are prepared for that. “
Macro analyst Sven Henrich: “The Fed has skewed wealth inequalities to unjustifiable levels”
Dimon isn’t the only investment mogul who believes inflation could slow the U.S. economy, as many others have warned against the Federal Reserve’s easing monetary policy. Northmantrader.com founder Sven Henrich continues to criticize the behavior of the US central bank.
“The Fed has skewed wealth inequalities to unjustifiable levels while making [the] increasingly unaffordable cost of living for many, and have exploded a historic asset bubble which, if and when it does, will hurt everyone ”, Henrich mentionned Tuesday. Henrich added to his scathing criticism in saying:
The institutional arrogance is mind-boggling, and it doesn’t seem like anyone on this Fed board has the courage and the sense of responsibility to stand up and say: Enough.
On Monday, the founder of asset management firm Tudor Investment Corp., Paul Tudor Jones, also said he disapproved of the Federal Reserve’s lack of concern about inflation. Jones essentially noted that the credibility of the US central bank is at stake if inflation is not temporary as FOMC members predict. Billionaire Stanley Druckenmiller told CNBC last week that investors will ignore inflation “until the Fed stops canceling market signals.”
In another conversation on the Closing Bell show, Morgan Stanley CEO James Gorman told CNBC’s Wilfred Frost that he didn’t think inflation would be transient and that the Federal Reserve could be forced to increase interest rates.
“The question is, when is the Fed moving? Gorman remarked. “It has to move at some point, and I think the bias is more likely than what the current points suggest, rather than later,” added the Morgan Stanley CEO.
Peter Schiff thinks it’s weird that financial companies are stocking greenbacks instead of gold
Gold bug and economist Peter Schiff thinks the American people, however, seem “to be even more confident now that inflation is transient than it was before we got all this really bad data.” Instead of stockpiling greenbacks, as JPMorgan Chase boss Jamie Dimon does, Schiff explained that he would assume the dollars would be ditched in an attempt to escape falling values.
“The reality is, when you have inflation, what should really happen is that investors should sell dollars because they are losing value,” Schiff said on his podcast Tuesday. “They should sell bonds even faster because they represent dollars in the future, which will be worth even less than dollars in the present. And you should buy gold as a hedge against this inflation.
Schiff pointed out that right now the opposite is happening, and he said he honestly doesn’t understand why companies are stocking greenbacks. Of course, the economist also talked about his favorite shiny yellow commodity on the podcast, and said smart people will buy gold as a cover against this financial disaster.
“In the long run, anyone who really understands the importance of what’s going on will take advantage of these market moves to sell dollars in the rally and buy gold in the downside because the bigger moves are obviously going to be downside. drop in the dollar, a dramatic drop in US Treasuries, which represent future payments in dollars, and a sharp rise in gold, ”Schiff concluded.
What do you think of Jamie Dimon’s statements about inflation and liquidity storage by JPMorgan Chase? Let us know what you think of this topic in the comments section below.
<div class="article__body__tags-related"> <div class="article__body__tags-related__tags"> <h6 class="article__body__tags-related__title"> Tags dans cette histoire </h6> <div class="article__body__tags"> Dollars, économie, Fed, Réserve fédérale, or, inflation, Inflation Concerns, James Gorman, Jamie Dimon, JPMorgan Chase, PDG de JPMorgan Chase, PDG de Morgan Stanley, Paul Tudor Jones, Peter Schiff, Stanley Druckenmiller, Stockage de dollars, Stockage de billets verts, Sven Henrich, transitoire, Banque centrale américaine, dollars américains </div> </div> </div> <p class="images_credits"><em><b>Crédits image</b>: Shutterstock, Pixabay, Wiki Commons</em></p> <div class="disclaimer"><strong>Avertissement</strong>: Cet article est à titre informatif seulement. Il ne s'agit pas d'une offre directe ou d'une sollicitation d'offre d'achat ou de vente, ni d'une recommandation ou d'une approbation de produits, services ou entreprises. Bitcoin.com ne fournit pas de conseils d'investissement, fiscaux, juridiques ou comptables. Ni la société ni l'auteur ne sont responsables, directement ou indirectement, de tout dommage ou perte causé ou prétendument causé par ou en relation avec l'utilisation ou la confiance accordée à tout contenu, bien ou service mentionné dans cet article.