Jamie Dimon, Ray Dalio, and other prominent figures warned of an economic disaster that never materialized. Despite their bearish outlook, the predicted crisis did not occur, leading Dalio to admit he was wrong. Dimon expressed surprise that the fiscal stimulus effects persisted. The market timing challenges were highlighted by their failed predictions.
Both Dalio and Dimon lean structurally bearish, for different reasons, so their degree of bearishness doesn't matter. Changes in their degree of bearishness, however, do matter. Filter accordingly. https://t.co/AnniJneG1W
βI was bearish on the economy,β Dalio said in an interview. βI got it wrong.β Said Dimon: βI would have thought some of the fiscal stimulus would have worn off by now.β https://t.co/1VsJYOSB9r
Jamie Dimon, Ray Dalio and Jeff Gundlach Warned of an Economic Disaster That Never Came. What Now? https://t.co/eFduHv9TIA
Jamie Dimon said a βhurricaneβ would hit the economy. Ray Dalio foresaw a βdebt crisis.β Most economists were just as fearful. The disaster never came. βI was bearish,β Dalio says. βI got it wrong.β https://t.co/Ku1Qbf03HT via @WSJ
Was Dalio right? https://t.co/TNyTR0E4qg
All this does is highlight the difficulty of timing the market. Jamie Dimon and Ray Dalio Warned of an Economic Disaster That Never Came. What Now? https://t.co/JzcaCaORT5