Koolau
Give me a museum and I'll fill it. (Picasso) Give me a forum ...
Actually, in the piece I saw, he did make some predictions, but I don't recall any numbers.
I agree that his predictions are not totally altruistic. Just like political folks predictions and pronouncements are not totally altruistic. We all have our biases and vested interests. That doesn't make him wrong AND he has (apparently) come to be accepted as a go-to person on the economy. Many folks here treat Buffett like a god. Do you think HE is unbiased?
I agree Dimon is hedging his bets by using a term we understand (hurricane) but find difficult to quantify - especially since damage can range from slight to catastrophic. It is however descriptive enough to suggest it's relatively rare, unpredictable, able to sneak up on you (in the old days - not now, of course.)
Heh, heh, covering your posterior as you suggest he is doing is normal and a good idea if you have any liability.
Funny, it sounds like you think I am a "fan" of Dimon. I am not. I never really knew much about him. I just thought he was an impressive talking head on a subject that impacts my retirement. He stated things in a way that while "vague" was evocative.
If Dimon is a god like Buffett, I'm not aware of it. I don't hang on his every word like some folks here do Buffett. Dimon has, however, been all over the financial news in the past couple of days. Believe him or call him a SOB, he's getting press. We often discuss financial opinions here. YMMV
Okay, I found a couple of Dimon YouTubes. The first is from early May. Sounds like Dimon is more confident than he is today (a day or two ago in the second YT)
As someone pointed out, Dimon is self-serving. Well, he DOES work for JPMorgan. That's clear, and if not, he makes it clear. I don't mind a bias as long as it's expressed.
You can agree or disagree with Dimon but I suggest he covers most of the issues facing the economy and the nation and Europe. His take: Job 1 of any gummint is natl. security and he believes we have forgotten that. He also suggests that we (USA) is it's own worst enemy (policies against energy production and making ourselves dependent on adversaries because they (may) supply essentials at a cheaper cost.)
I think, in just one month, he has gone from cautiously optimistic to pessimistic on the economy. Decide for yourself if you are interested. I question a few of his positions, but in total, he seems credible to me - but as always, YMMV.
By the way, I stated before that I'm not a "fan" and in fact, the sum of these two videos is way MORE than I've ever seen from Dimon. IOW, I've seen him a couple of times in the past but only vaguely knew who he was. He has hit the Financial Porn channels of late and has found his way into these pages. Since he has, I present the following NOT as a Dimon apologist but as a reference to those have seen the "excitement" and wonder what all the excitement is about. Again, YMMV.