Financial Times (June 2)
“Cloudy with chance of hurricanes for Wall Street.” Jamie Dimon the head of JPMorgan Chase, started the rush to use “meteorological metaphors to make sense of the economic turbulence.” After speaking of big storm clouds and a hurricane striking the economy, other bankers followed suit. Only a few, like Goldman Sachs chief John Waldron, refused to play along. He rejected the use of “any weather analogies,” but largely agreed the outlook is complex and dynamic, “The confluence of the number of shocks to the system, to me, is unprecedented.”
Tags: Bankers, Cloudy, Complex, Dimon, Dynamic, Economic turbulence, Economy, Goldman Sachs, Hurricane, Hurricanes, JPMorgan Chase, Metaphors, Meteorological, Shocks, Storm clouds, Unprecedented, Waldron, Wall Street
