BY TYLER DURDEN THURSDAY, JUN 02, 2022 – 09:50 AM
A day after JPMorgan CEO Jamie Dimon accelerated his anxiety level for the future from “storm clouds” on the horizon to an imminent “hurricane”, Goldman Sachs President John Waldron piled on with the pessimistic opinions.
At an investor conference this morning, Waldron joked that he’ll avoid “using any weather analogies,” but spelled out his fear that risks from inflation, changing monetary policy and Russia’s invasion of Ukraine could kneecap the global economy.
“This is among – if not the most – complex, dynamic environments I’ve ever seen in my career,” Waldron said.
“The confluence of the number of shocks to the system to me is unprecedented.