Jamie Dimon fears for the future of the free world and US debt
CNN
JPMorgan Chase CEO Jamie Dimon is worried about the future of the free world and the risk of more global chaos.
A version of this story first appeared in CNN Business’ Before the Bell newsletter. Not a subscriber? You can sign up right here. You can listen to an audio version of the newsletter by clicking the same link. JPMorgan Chase CEO Jamie Dimon is worried about the future of the free world. “The geopolitical situation is probably the most complicated and dangerous since World War II,” Dimon said during a talk at the Economic Club of New York on Tuesday. Dimon pointed to the Ukraine war, where “300,000 Russian troops invaded a democratic nation on the border of NATO and threatened nuclear blackmail,” as an example of the unprecedented global climate. “You also have the terrorist activity in Israel, which is now a little bit of a powder keg in the Middle East,” he added. All of this conflict, he said, is affecting “oil, gas, trade and military relationships.” On top of that, he said, the US-China relationship has become even more complex because of their different positions on the war in Ukraine.
Earlier this year, an 18-year-old high school senior from New York City had planned to enroll at Columbia University’s sister school Barnard College in Manhattan as an early decision student. But after her parents saw heightened tensions over the Israel-Gaza conflict surface across some US campuses, including at Barnard and Columbia, they went back to her list.