Jamie Dimon’s Alarming Economic Prediction for 2024

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“Beware of higher interest rates and recession”
“We have on going concerns about persistent inflation”
“Stock prices are at the high end of the range”
These are some of the warnings Jamie Dimon discussed in an 80 page letter he released last week, warnings that don’t just apply to the investors of JPMorgan but are addressed to the entire world.
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Disclaimer:
The information in this video is general information only and should not be taken as constituting professional advice from Hamish Hodder.
Hamish Hodder is not a financial adviser. You should consider seeking independent legal, financial, taxation or other advice to check how the information relates to your unique circumstances.
Hamish Hodder is not liable for any loss caused, whether due to negligence or otherwise arising from the use of, or reliance on, the information provided directly or indirectly, by use of this video.

[@HamishHodder]

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[@1smallball]

Finally someone to help me drive my pipe more efficiently.

[@lynb1022]

Re: video topic, recommend you read a blog called "Wall Street on Parade".

[@SeanTalkoff]

Given the uncertain economic conditions and heightened global tensions, I'm considering investing over $400k in stocks. However, I'm uncertain about how to minimize potential risks.

[@DavidCovington-st2id]

Yeah, financial advisors could make a lot of difference, particularly in a market such as this. Stocks are pretty unstable at the moment, but if you do the right math, you should be just fine. Bloomberg and other finance media have been recording cases of folks gaining over 250k just in a matter of weeks/couple months, so I think there are a lot of wealth transfer in this downtime if you know where to look. I have been using an FA since 2019, and I return at least $121k ROI, and this does not include capital gain.

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My CFA ’’ Vivian Carol Gioia, a renowned figure in her line of work. I recommend researching her credentials further. She has many years of experience and is a valuable resource for anyone looking to navigate the financial market..!

[@CliveBirse]

is it really worth investing in stocks in 2024, I’ve been on the sidelines watching the market for awhile and it seems to be pretty stagnant to me not that it matters because I’m in it for the long run, but how can one generate actual profit in this current market?

[@ThomasChai05]

If you're new to investing or don't have much time, it's best to get advice from an expert. Investing without proper guidance can lead to mistakes and losses. I've learned this from my own experience.

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*Gertrude Margaret Quinto* a highly respected figure in her field. I suggest delving deeper into her credentials, as she possesses extensive experience and serves as a valuable resource for individuals seeking guidance in navigating the financial market.

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Thank you so much for your helpful tip! I was able to verify the person and book a call session with her. She seems very proficient and I'm really grateful for your guidance

[@jahhflies]

I lost over $80k when everything started to tank. Not because I was in an exchange that went belly up. I was just stupid to hold and because that's what everyone said. I'm still responsible. It just taught me to be a better investor now that I understand more of what could go wrong. It took me over two years of being in the market, I'm really grateful I found one source to recover my money, at least $10k profits weekly. Thanks Charlotte Miller.

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[@UsamaG-mq1jy]

I just withdrew my profits a week ago, To be honest it was an amazing feeling when the profits hits my wallet I wish I could reinvest but, too much bills

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she's mostly on Instagrams, using the user name

[@jahhflies]

FXMILLER15 💯.. that's it

[@84gaynor]

The only American who won't acknowledge this Administration's failed economic policies is Joe Biden. "Shrink-flation' is the least of our worries compared to rising rents and stagnant wages, but it is an undeniable indicator of how bad our inflation has gotten. I have $100k that i like to invest in a non-retirement account, any advice on that?

[@sommersalt88]

Investing is not necessarily a rollercoaster if you know your way around the market, there are various opportunities in the present market to accrue good profit, If you are not too savvy with the market, just buy and hold on strong companies with good earnings, or consult with advisors on ETFs and actively managed funds.

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She goes by ‘Jennifer Leigh Hickman’.......I suggest you look her up. To be honest, I almost didn't buy the idea of letting someone handle growing my finance, but so glad I did

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[@trent7893]

Keep his eyes open and stay out of jail 😂

[@kahaiberieli2962]

I'm in a trucking industry and i know exacltly how bad situation is. i think something really bad is ahead of us.

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I appreciate the professionalism and dedication of the team behind Linda’s trade signal service.

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Trading with an expert is the best strategy for beginners and busy investor s who have little or no time to monitor their trades.

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The key to financial stability is having the right investment suggestions for a diverse portfolio. Many investment failures and losses happen when you invest without proper guidance.

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What I appreciate about Linda Wilburn. is her ability to tailor strategies to individual needs. She recognizes that each investor has unique goals and risk tolerances, and she adapts her advice accordingly..........

[@Mikeygrady]

Productivity is never accidental; it is always the result of careful planning, dedication, and consistency.

[@jonathantaylor6926]

My dogs bag of food just went up 19.2%. That sort of price increase would be unheard of 5 or 7 years ago. Prices always go up but usually by 50 cents or a dollar on something like a bag of dog food. This stuff is sold on a massive scale so even small price hike generates millions in additional revenue. Honestly dog food is a good indication of inflation because it's a recipe of different grains and meats, has to be manufactured and shipped. So the sector takes into account the cost of several commodities, labor and manufacturing cost and trucking since dog food is heavy and bulky. The official CPI is a total lie the only real question is does the FED believe its own propaganda?

[@snakegriffin4928]

Haha believe it? The FED is the one producing it through its subsidiaries in order to hide the eroding effects of incessant money printing. There’s only one thing worse than Death and taxes. And that’s the invisible tax of inflation

[@CharlieBam]

Crazy, the official inflation rate since 2020 is something like 20%. I'm thinking closer to 50% or more. I think the new inflation measuring system leaves more than half of the real inflation out.

[@thetruth4829]

lol banks telling me to sell hahahahaha

[@Barr894]

He’s had an alarming prediction for the last ten years. He’s still off by a year. Inflation will destroy the economy and rates are headed up, but it will take a year for the full effect to take place - next year.

[@wwav9921]

Technology ultimately only helps the boss. Not the worker. Hourly rate never increases lol.

[@brodyalden]

Hamish, the fed doesn’t have a “2% annual inflation target”; they changed their policy in the past few years, and are now targeting 2% inflation OVER TIME. And they don’t define that. Very important datapoint.

[@jonathantaylor6926]

If what you are saying is true then at some point bond investors come to the same realization, and demand more yield. This is why the FED has not and will not officially change its 2% target... yields would spike and bond prices would puke before Jerome could even finish the sentence.

[@brodyalden]

@@jonathantaylor6926 lol

[@brodyalden]

@@jonathantaylor6926 they did. Past tense. Years ago.

[@julius_paulin]

Great job in explaining the PV calculation! Great video :)

[@Klugewicz]

The explanation of economic productivity was amazing in this video. I was always confused by the concept until this.

[@brunogoodma]

Also, I think the perspective of having businesses spendings solely corelating to cost of labour per productivity is paradoxal, as labours are consumers as well. Businesses have been requiring less staff overtime and at the same time returning less money to labours through salaries, investing production into b2b solutions and AI(which is likely multitudes in scale of the prev mentioned effects), therefore making their labours/consumers less capable of purchasing. So although I agree with the shallow notion, in the wide scheme of things, it misguide to drawing a hasty conclusion that is multilateral damaging and inflactionary increasing not deflationary. Less good salaries, less job opportunities, less purchassing power divided by companies marginal increase in profitability due to lesser production costs.

[@ajoflow]

TLDR: it may go up, it may go down

[@DarcyMifsud]

As a young Australian investor, Your videos are GOLD ! Keep them coming Hamish

[@brodyalden]

Thanks Hamish

[@Siderite]

Hodder Corp bonds! Where to buy?!

[@alanhamford2538]

The sun is rising in the East and setting in the West.

[@brodyalden]

Inflation is (has always been these past few years) supply sided.

[@motrock93b]

And the increased money supply allows purchasers to pay more money for these items. Without this added money in the pockets of those bidding at the auction for the same items, inflation overall simply can't happen (Simplified). I miss The Gold Standard.

[@jonathantaylor6926]

Yeah, the supply of dollars.

[@jonathantaylor6926]

@@motrock93b Yeah how many people have inherited a million dollar house that really should be worth 400K?... that extra 600,000 of free money to the heirs goes out and buys all sorts of crap. None of that demand should exist.. and its not just the heirs.. they buy a 75K boat (with money they shouldn't have) and now the boat salesmen goes out a buys a motorcycle with the profit he made.. then the motorcycle salesman buys a TV and so on... that free money infects the economy like a virus.

[@brodyalden]

@@jonathantaylor6926 you have no idea what you’re talking about.

[@jonathantaylor6926]

@@brodyalden Inflation is a monetary event. Your making excuses will never change that fact.

[@lewis809]

Hamish please can you do a video about investing in more cyclical companies? They seem to go on sale when people fear a recession on the horizon, but I don’t know whether the potential collapse of sales in the future makes the company undervalued as of today or not. Really need some help in this area!

[@grimaffiliations3671]

This guys been predicting a recession for the past few years lol

[@gregkonwinski4910]

We’re in one, so he’s been correct. Started in november of 2023, will find that out when they backdate it in the next 6-12 months.

[@humanbeing5300]

Well a recession is a guarantee the only question is when so eventually he’ll be correct 😂

[@leecaryer2569]

Except the interest rate analysis does not include taxation

[@brunogoodma]

Define to me what is a ' very strong labor market ' ? I think we don't have a very strong labor market because labors have been continuously pressure in their income agaisn't the purchasing power. A very strong labor market would means that people would hold to their jobs for long periods and their income would suffice to purchase their first property, not to presure them out of their home rental. Its rather a very weak and fragile labor market that requires constant employee rotationing, high rates of unemployment, constant self investment and low and receading income across the board.

[@asan1050]

Thanks for posting this video

[@castafinance]

The shots at these two presidents 😂

[@tomlawler1079]

i like this guy.....he says technical stuff.....but in a way i can understand

[@bdk88]

Hamish, your videos are ok for the most part, but there is a fatal flaw here which you and the viewers need not to be misled by. "A 2% increasing in interest rates led to a 17.5% decline in value". This characterisation, and your insinuation is ABSOLUTELY INCORRECT. The correct terminology is 200basis points , which in interest rate rise is extremely uncommon and takes a very long amount of time. In fact, the situation you described is one where interest rate rose by 5/3 = 66%, yielding the 17% decline in value. Please, no need to be alarmist and spread misinformation, educate yourself before publishing these.

[@LalaPala-ml2or]

yeah, sure

[@bordua98]

Great video :)

[@nonexistent5030]

Saying the deficit is high "in spite of" a very strong labor market is misleading. The labor market is only strong *because of* the high deficit.

[@grimaffiliations3671]

Yup, the private sector relies on government deficits. A governments deficit is our surplus, so calling for a "balanced budget" is basically just calling for the government to throw the private sector into deficit. That = recession

[@TheReader6]

Taxes are not valid if we can just print money. We either need to stay within budget and tax or just inflate the currency. Inflation is universal tax. We will need 80% inflation to get out of our debt.

[@grimaffiliations3671]

the government doesn't tax because it needs our money, it taxes to create demand for the dollar. theydoesn't even use tax money after we pay it

[@jonathantaylor6926]

The idea that the USA "can inflate way its debt" is an absurd lie. Whenever anyone makes that claim I ask a simple question- when do they plan to start doing that? Lol never because they can't and the reason is very simple... the inflation rate and yields are correlated.. if inflation is 10% nobody is loaning you money to buy a house for 9%. They won't even loan the government money for 9%... investors need positive REAL YEILD (yield - inflation rate) or they will not buy. So if the FED makes a real attempt to inflate away the debt a mortgage for a house will be 16% or 20% depending on the inflation rate and that would break everything including all banks. They would all be insolvent from massive bond losses since bond price is inverse of yield.

[@shaunofsouthaustralia7170]

Hodder Corp Bonds for the win!

[@imnotanalien7839]

If there is persistent money printing, there will be persistent inflation.

[@grimaffiliations3671]

Pretty much all the remaining inflation is in "owner equivalent rent" which no one actually pays. Take that out and we're below the fed target

[@jonathantaylor6926]

Fake money within an imaginary transaction has zero effect on inflation. OER is only done to artificially juice the GDP number. It causes zero inflation.

[@hanzn6784]

lmao

[@Uncletoast52]

We’re only as smart as our next tank of gas.

[@augustoliver2779]

Your presenting style is good, making videos. Just not a fan of the doom and gloom content.

[@miniminamanmina3715]

Who could believe this wizards predictions , anything that goes wrong he ( Diamond ) will be bailed out by trillions in printing by government to the banking financial industry . I evacuate myself on his evaluations.

[@aotk.mp4]

In 2008 JP was ahead of the curve in dropping subprime and was actually the one bailing out other banks ;)

[@NLS336]

"Biden,...if he can keep his eyes open" got em

[@JeDxDeVu]

What’s it matter to him. He gets bail outs

[@Nyhiak]

So tired of billionaires begging for more tax breaks.

[@Muza-f8k]

Качество жизни важнее чем деньги и статус

[@peterholmes2089]

Dimons comments don't typically carry any weight with me. He always seems to be making bad predictions. The truth is, no-one really knows what will happen. However, in this case, it sounds like he is planning for a wide range of outcomes, which is what investors should do anyway.

[@masoncnc]

Still waiting for his 2023 hurricane

[@tovsteh]

We live in a post truth economy.

[@giggittygiggitty7283]

lol remember the inflation reduction act they celebrated passing. . lol

[@MrFastFarmer]

AI is all smoke and mirrors mate.

[@JackAtkins-xz5wi]

Pope Francis will intercede for You to Me.

[@rlhaff3560]

Dimon is supposedly a Democrat… except when it comes to Corporate taxes and handouts. Speaks out of both sides of his mouth.

[@greyrideroutlaw7826]

What sould I do with my money if he is right? Should I move my money to his bank and get paid 0.01%? While he makes millions for delegating the work of running the bank.

[@Vgallo]

Trump said he would cut spending last time

[@mikeseigle5560]

His support for Obama and Biden hopefully is something he regrets.

[@commonsenseisntcommon1776]

Bribenomics is SH!T

[@obrienortega6942]

Don’t believe everything you read and see. We don’t know when the markets are going to crash. The best thing we can do is to stay vigilant and prepare.

[@greigsanderson]

Trump can technically be president from prison.

[@Kate-fn8rj]

😂

[@pictureworksdenver]

The boy who cried wolf.

[@commonsenseisntcommon1776]

FJB!

[@andthefunkybunch1466]

Hmm, I just zoned out when you made your political jabs. Stick to finance stuff mate

[@Daniel-ld3zi]

Took longer for you to whine and make this comment then the time he spent joking about both candidates.

[@shehzadshekani5618]

lies