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News@lemmy.world · 1 year ago

JPMorgan CEO Jamie Dimon warns the world isn't ready for 7% interest rate

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JPMorgan CEO Jamie Dimon warns the world isn't ready for 7% interest rate

JustAManOnAToilet@lemmy.world to

News@lemmy.world · 1 year ago

JPMorgan CEO Jamie Dimon warns the world isn't ready for 7% interest rate | CNN Business

JPMorgan Chase CEO Jamie Dimon is raising the specter of the war on inflation getting worse before it gets better.

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FuglyDuck@lemmy.world
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1 year ago
One obvious solution that’ll never happen is simply getting rid of fractional reserve banking.

Make it do they have to have it, to be able to loan it
- lco@kbin.social
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  Can't do that. It would be anti-business and anti-investment and anti-growth. Or something. Better go tax the poor a bit more. That'll fix it!

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