Jamie Dimon says global politics are 'treacherous and getting worse'—so he's preparing for anything
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Jamie Dimon, CEO of JPMorgan Chase, warns that geopolitical tensions are worsening, citing conflicts in Ukraine and the Middle East as major threats to the economy; he estimates one million casualties from Russia's invasion of Ukraine since February 2022, with over 19,000 children displaced; Dimon labels Russia, Iran, and North Korea as an 'evil axis'; JPMorgan reported $42.7 billion in revenue for Q3 2024, a 7% increase, but faced a 31% decline in net income in consumer banking; he emphasizes the need to address America's $35.7 trillion national debt to maintain economic and military power; Dimon advocates for preparedness in uncertain times, referencing the military strategy 'OODA loop' for decision-making.

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https://fortune.com/2024/10/11/jamie-dimon-global-politics-worsening-preparing-economics/