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JPMorgan's Jamie Dimon Cautions On Potential Global Crisis Triggered By Middle East Conflict: 'The Most Serious Since 1938'

Jamie Dimon, CEO of JPMorgan Chase, has expressed concerns that current global conflicts could lead to the most serious crisis the world has faced since the Second World War.

Dimon discussed the rising tensions due to the war in Ukraine and the conflicts in the Middle East, specifically between Israel and Hamas, in a recent interview with the U.K.’s Sunday Times, reported Business Insider.

While acknowledging the strength of the U.S. economy, Dimon highlighted the unpredictability and danger posed by these geopolitical events.

“But these geopolitical matters are very serious – arguably the most serious since 1938,” referring to the year preluding World War II.

“What’s happening… right now is the most important thing for the future of the world — freedom, democracy, food, energy, immigration. We diminish that importance when you say, ‘What’s it going to do to the market?'” he added.

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