"JPMorgan's Dimon and BlackRock's Fink: Drawing Parallels to the 1970s"

JPMorgan CEO Jamie Dimon and BlackRock CEO Larry Fink both see parallels to the 1970s, expressing concerns about high levels of debt, inflationary forces, and the potential for rising interest rates. Dimon warned of a possible 100 basis point increase in the interest rate curve and criticized government policies on ESG and energy infrastructure. Fink highlighted inflationary factors such as supply chain issues, populism, and the fiscal deficit. Both CEOs emphasized the need for caution and preparation in the current economic climate.