Billionaire Investor Warns Of 'Worst Outcome' Economy Possible: Our Approach
ADCAgree Realty(ADC) Seeking Alpha·2024-09-16 19:05
tumsasedgars JPMorgan (JPM) CEO and billionaire Jamie Dimon recently cautioned that the worst-case scenario for the U.S. economy was not off the table and is, in fact, a very viable possibility. While a recession would certainly be a bad outcome for the U.S. economy, an economic slowdown accompanied by inflation—commonly referred to as stagflation—would be even worse. As Mr. Dimon stated: I would say the worst outcome is stagflation — recession, higher inflation. And by the way, I wouldn't take it off t ...