The economic outlook “is teeny compared to the geopolitical situation we face,” JPMorgan Chase & Co. chief executive said Thursday that nuclear proliferation is “the biggest risk mankind faces,” even ahead of climate change.
‘We run scenarios that would shock you,’ the banker warned.
He lamented the wars in Ukraine and the Middle East, and the growing cooperation between U.S. adversaries.
“They are clearly talking about dismantling the system” set in place by the U.S. and its allies after World War II, which Dimon credits as spawning an era of unprecedented global economic growth.
“The risk is extraordinary,” he said. “World War III has already begun. You already have battles on the ground being coordinated in multiple…
