Jamie Dimon Just Named Five Threats to the Economy. JPMorgan Is Already Acting

The head of America's biggest bank just fit five threats to the economy into a single sentence: deficits, sticky inflation, elevated asset prices, rising rates and geopolitics. And his bank is already acting on them. In this video, Eric Bleeker, CFA, Chief Investment Officer of 24/7 Wall St., examines JPMorgan Chase's (NYSE: JPM) third quarter, a rare earnings miss, and the warning Jamie Dimon delivered alongside it. With CPI hitting its highest reading in three years and the 10-year Treasury yield near 5%, the biggest questions are how long high rates can last before borrowers start falling behind, and what that means for bank stocks. We'll also look at the moves JPMorgan is making now: $2.7 billion set aside for credit losses, buybacks slowed to around $1 billion, and tighter terms for borrowers. Finally, we'll discuss why the biggest bank in the country tightening its lending while times look good is a signal worth watching.