Subject: The world’s most powerful banker sees chance of “market panic”

“…the Fed will have to raise rates faster and/ or sell more securities, which certainly could lead to more uncertainty and market volatility. Whether this would lead to a recession or not, we don’t know.”
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The world’s most powerful banker sees chance of “market panic”
By Simon Black - April 09, 2018

The most powerful banker in the world, JPMorgan Chase CEO Jamie Dimon, just released his annual letter to shareholders.

Behind Warren Buffett’s annual missive, Dimon’s letter is probably the most read and deliberated executive report out there.

For one, Dimon is one of the most connected and respected men in finance.

And given his bank’s massive size (it earned $24.4 billion on $103.6 billion in revenue last year) and reach (it’s a giant in consumer/commercial banking, investment banking and wealth management), Dimon has incredible visibility and intel on what’s going on around the world.

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