JAMIE DIMON, one of Wall Street's biggest bankers, pulled no punches, saying in an interview that "serious" headwinds are likely to propel the US and global economies into a recession next year. “These are very, very serious things which I think are likely to push the US and the world — I mean, Europe is already in recession — and they’re likely to put the US in some kind of recession six to nine months from now,” Dimon said in the interview Monday with CNBC. Dimon cited a number of indicators including inflation, rising interest rates and the war in Ukraine, that led to his outlook. The CONVERSATION picks up on Dimon's widely reported view with DICK BOVE taken aback. BOVE, Chief Financial Strategist at Odeon Capital Group, said the comments by DIMON, CEO of JP Morgan were, "very damaging to the market." The CONVERSATION elsewhere examines the labor markets with BOVE's forecast for the unemployment rate as the US seems likely to enter recession. 

JOHN AIDAN BYRNE notes the sharp decline in the numbers of workers entering the labor force today compared with earlier generations as context for today's labor environment and the rise in robotics. With former Fed Chairman BEN BERNANKE honored with a Nobel Prize for his work in economics, MAT VAN ALSTYNE points elsewhere to BERNANKE'S career at the Fed. "I would argue we are living with the repercussions of his bad decisions 14 years ago," VAN ALSTYNE says.

In a new comprehensive report covering the roots of today's inflation and monetary policy, and tracing the period of early 2021 through today, BOVE offers a penetrating guide to the realities of today's US economy struggling with the impact of massive money printing. "I don't see the [mass US] consumerist economy continuing in the fashion I have seen," BOVE says. "I see a change."

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