JPMorgan’s chief strategist: "we think there is now a higher likelihood of a crisis over the next 6 to 12 months, the severity of which could be higher than market participants anticipate"

☆ Yσɠƚԋσʂ ☆@lemmy.ml · 1 year ago

JPMorgan’s chief strategist: "we think there is now a higher likelihood of a crisis over the next 6 to 12 months, the severity of which could be higher than market participants anticipate"

☆ Yσɠƚԋσʂ ☆@lemmy.ml · 1 year ago

I'm expecting this one will be a lot worse because the last one was stabilized by China buying up a fuck ton of US bonds. Fat chance of China bailing US out this time around. Not only that, but around two thirds of US bonds are held by the Global South, and these countries are now dumping the bonds.

JPMorgan’s chief strategist: "we think there is now a higher likelihood of a crisis over the next 6 to 12 months, the severity of which could be higher than market participants anticipate"

JPMorgan’s chief strategist: "we think there is now a higher likelihood of a crisis over the next 6 to 12 months, the severity of which could be higher than market participants anticipate"

‘A higher likelihood of a crisis’ | Financial Times