VNQ - Jamie Dimon Predicts Higher Inflation: Our Response

2024-07-09 07:45:00 ET

Summary

• Jamie Dimon is concerned that we could be facing higher inflation.
• We disagree and expect inflation to continue to cool down.
• REITs are much better positioned than perceived.
• I highlight some of our Top Picks.

Co-produced by Austin Rogers

Jamie Dimon is worried. The CEO of America's largest bank, JPMorgan Chase ( JPM ), is worried about geopolitical risks. He's worried about modest-income consumers. He's worried about government deficit spending.

And, perhaps worst of all, he's worried about stagflation .

This is the term for weak real economic growth combined with high inflation -- prices going up, but the standard of living staying flat or even declining....

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