Jamie Dimon, CEO of JPMorgan Chase, was quite cautious about the economic outlook during the company's third-quarter 2024 earnings conference call. He said: "We have been keeping an eye on the geopolitical mess. What has happened recently is not good. The situation is dangerous and is still getting worse." He then added: "Humanity has suffered a lot. This has a great impact on the economy, especially on the course of history." What he meant was that once geopolitics became tense, the world might be in chaos, and the market would suffer as well. Dimon also talked about the US economy. He said that although inflation has dropped a bit and the US economy is still strong, some risks cannot be avoided. For example, the fiscal deficit is frighteningly high, infrastructure must be upgraded quickly, trade structure must be adjusted, and the world has re-militarized. He finally emphasized that we must always be vigilant and be prepared for sudden economic changes. "We all hope that everything will be fine, but these things and the uncertainty everywhere tell us that we have to be prepared for any situation." In other words, we have to be prepared at all times and don't wait until things happen before we panic.