Financial Times/Joshua Franklin/6-1-2022
“It’s a hurricane. Right now, it’s kind of sunny, things are doing fine. Everyone thinks the Fed can handle this. That hurricane is right out there down the road coming our way. We just don’t know if it’s a minor one or Superstorm Sandy … and you better brace yourself.” – Jamie Dimon, JP Morgan CEO
USAGOLD note: A very strong warning from someone not given to a lot of bombast .…… He says the war in Ukraine could push oil into the $150/$175 per barrel range. It’s trading at $115 this afternoon.
