Over the years, JPMorgan Chase CEO Jamie Dimon has often been skeptical of the economy, even when most other voices said otherwise. From March into August this year he's stood by his estimate that there was a 65% chance of U.S. recession.
He's still insistent on the need for caution and, as he said last year, the reason is geopolitics.
"Geopolitics is getting worse, they are not getting better," Dimon said in an interview with India's CNBC-TV18, as CNBC reported. "There is chance for accidents in energy supply. God knows if other countries get involved. You have a lot of war taking place right now." He called geopolitical instability his "biggest caution."
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