Jamie Dimon says stagflation is real estate’s worst-case scenario: ‘That will filter through the whole economy in a way that people haven’t really experienced since 2010’
==========

Jamie Dimon, Chairman and CEO of JPMorgan Chase, warns of the possibility of a moderate recession and stagflation in the real estate industry. He highlights that rising interest rates due to persistent inflation could lead to a devaluation of assets by 20%. Dimon explains that if interest rates rise due to a strong economy, it may not be bad for real estate as hiring would increase. However, if stagflation occurs, it would have a negative impact on vacancies, company cutbacks, and leases, affecting the entire economy. He compares this scenario to the one experienced in 2010 after the Global Financial Crisis.

#JamieDimon #JpmorganChase #Recession #Stagflation #RealEstate #InterestRates #Inflation #Economy

https://fortune.com/2024/04/12/jamie-dimon-stagflation-real-estate-worst-case-scenario-worst-for-economy-since-2010/