The Next Big Crash No One's Talking About: Why Jamie Dimon Is Sounding the Alarm
Let me shoot you straight, friend. Jamie Dimon, the top dog over at JPMorgan Chase, isn’t known for crying wolf. So when he gets up in front of his own investors and says the markets are being way too relaxed about what’s coming down the pipe, it’s worth paying attention—especially when the mainstream media barely blinks.
Dimon just issued a grim warning during JPMorgan’s annual investor day in New York. He said what many of us have been screaming from the rooftops for months: the U.S. is on a collision course with economic pain, and the markets are acting like it’s business as usual.
Complacency Is Killing Us
Dimon didn’t mince words. According to him, Wall Street is ignoring three ticking time bombs:
- Massive U.S. deficits
- Rising global tensions
- Tariffs that haven’t even been felt yet
His exact words? “You all think [central banks] can manage all this. I don’t think they can.”
He's not wrong. These bureaucrats act like they’ve got everything under control, like they can just keep printing dollars forever without consequences. But for folks like you and me—who’ve seen what happens when wages stagnate, prices surge, and politicians keep spending like there’s no tomorrow—we know better. That dollar in your wallet? It’s worth less by the minute.
The S&P 500 Is Living in Fantasyland
According to Dimon, corporate earnings projections are flat-out unrealistic. The market is pricing in 12% earnings growth for S&P 500 companies. But Dimon says give it six months—those estimates will drop to zero.
Let that sink in.
If earnings flatline, that spells big trouble for stocks. Because when earnings drop, price-to-earnings (P/E) ratios come crashing down. And when that happens? Investors run for the exits.
As Dimon put it: “I think earnings estimates will come down, which means PE will come down.” Translation: Buckle up. The floor is about to fall out.
Stagflation: The Double Whammy
Remember the ‘70s? If you do, then you know stagflation isn’t just some technical term economists throw around. It’s the worst of both worlds: high inflation and low growth.
Dimon says the odds of this economic nightmare are twice as high as what the market thinks. That should scare anyone holding onto traditional assets or hoping the Fed has some magic solution.
The scariest part? Most people won’t see it coming until it’s too late. Wall Street’s acting like April’s market dip never happened—stocks dropped 10%, bounced back 10%, and now everyone’s pretending everything’s fine. That’s not a recovery—that’s denial.
Even JPMorgan’s Own Business Is Feeling It
Troy Rohrbaugh, one of Dimon’s top lieutenants, says investment banking revenue is down mid-teens percent compared to last year. Companies are scared to make moves. The deals are drying up.
Sure, trading revenue’s up a bit. But that’s just noise. The real story is: corporate America is waiting for the other shoe to drop. And when it does, it’s going to hit hard.
Who’s Next in Line?
Dimon also dropped a few breadcrumbs about his eventual retirement—though let’s be real, he’s not going anywhere just yet. He said he’s probably got “four more years, and maybe two more” as executive chairman. But here’s the kicker: one of the top contenders to replace him, COO Jennifer Piepszak, just bowed out.
That puts Marianne Lake, JPMorgan’s consumer banking chief, in the spotlight. She got a full hour to speak at the event. The bankers are circling, and you can bet they’re all trying to figure out who’ll be steering the ship through the next financial storm.
What You Can Do Right Now
Look, friend, you don’t need to be a Wall Street exec to know things are going sideways. When Jamie Dimon sounds the alarm, it’s not just noise—it’s a flare in the sky.
If you’re still sitting on a portfolio filled with paper assets and hoping the Fed’s got your back, now’s the time to rethink that strategy. Gold and silver aren’t just “safe havens.” They’re lifeboats.
Before the next wave hits, do two things:
- 👉 Download Bill Brocius' FREE eBook: "Seven Steps to Protect Yourself from Bank Failure"
- 👉 Subscribe to our Dedollarize products here
You’ve worked too hard to let your savings get wiped out by bad policy and Wall Street groupthink. Get smart. Get prepared. And get some real money in your corner.
Stay sharp,
Frank Balm
