Wealth Alert: Jamie Dimon Eyes Up to 7% Interest Rates...
Let's get ready for a generational buying opportunity that hasn't come around in a while...
Dear Old Friend,
When Tim Melvin calls me before 8 AM, my father-in-law is talking about one of two things:
The first is an emergency - you know… one of the dogs got out…
The second is “a market emergency.”
That’s what we had today.
Turns out that Jamie Dimon is warning about a huge burst in interest rates.
It wasn’t long ago that an off-handed mention of 6% interest rates could get your mouth taped shut on CNBC.
But yesterday, things changed… JPMorgan Chase & Co. (JPM) CEO Jamie Dimon said that markets should brace for 6% or even 7% interest rates.
And if Mr. Dimon is correct, as he is quite often, we have to look for ways to play it…
Tick Tock on the Rate Increase
The longest-tenured CEO of the Too Big to Fail banks now warns that the banking system could take a big hit from commercial real estate loans. (That said, Dimon’s chuckling along the way while JPMorgan now projects a $10 billion revenue increase from its previous annual forecasts in April… as it’s benefited from the fire sale of…
Keep reading with a 7-day free trial
Subscribe to Me and the Money Printer to keep reading this post and get 7 days of free access to the full post archives.