US facing economic ‘hurricane’ – JPMorgan

"The boss of Wall Street giant JPMorgan Chase, Jamie Dimon, has warned investors that the US is facing an economic “hurricane”....“That hurricane is right out there down the road coming our way,” Dimon said, speaking at a conference. According to the head of the nation’s biggest bank, US consumers still have some six to nine months of spending power left in their bank accounts. Dimon stressed that the government’s pandemic stimulus is still padding consumers’ wallets. “Wars go bad. They go south. They have unintended consequences,” he said, adding that the conflict is expected to further roil commodity markets across the globe, impacting the prices of oil, gas and wheat." RT