JPMorgan CEO Jamie Dimon cautions against economic optimism amid global risks
- Dimon warns that assuming continued economic strength could be a "huge mistake" given risks like quantitative tightening, Ukraine war, and high government spending.
- Dimon criticizes proposed stricter bank capital rules as potentially hindering growth.
- Dimon expresses caution regarding US-China relations and China's slowing economy.
- Dimon notes emerging strains in sectors like real estate and auto loans could worsen conditions in a future downturn.
- Dimon says strong consumer spending has been aided by asset prices, wages, and pandemic savings, but these tailwinds may be temporary.