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JPMorgan: The odds of a recession starting in 12 months has hit a high
- jgalt212 10y agoEvery time Jamie Dimon faces something he doesn't like, he threatens to lay off 1,000s of workers. It's his go to threat. Jamie Dimon Says a Brexit Could Cost J.P. Morgan 4,000 Jobs http://fortune.com/2016/06/03/brexit-jpm-job-cuts/ http://fortune.com/2016/06/03/brexit-jpm-job-cuts/
- jeffwass 10y agoThe click-baity title of that Fortune article you linked is misleading vs what he's actually saying. The title refers to cuts in positions in the UK, but these would actually move to continental Europe in the case of a Brexit. His own quote from the article : "So if the UK leaves the EU, we may have no choice but to re-organize our business model here. Brexit could mean fewer J.P. Morgan jobs in the U.K. and more jobs in Europe.”
- captaindiego 10y agoFor those who are in to financial markets and investing, if this prediction were true, what moves would you recommend making now and once it happened?
- existencebox 10y agoDisclaimer, I am at BEST a hobby investor, if even that much, please do not take my advice. You have a few obvious options. A bear market in equities increases the relative strength of the dollar, so going long USDX or similar is an option. You can can short something like SPY as well, to try and get the direct impact. "once it's happened" there's the fine art of catching the knife. Close out the above and take inverted positions when you think the dip is bottoming out. Now; people who ACTUALLY know a thing or two about investing, please tell me why this is a terrible idea! (I'm not being glib, I actually have no faith in my mental models and want to learn more)