Jamie Dimon, CEO of JP Morgan Chase, the largest U.S. bank, warned that a “hurricane” was about to hit the U.S. economy in June 2022, and Ray Dalio, founder of the world’s largest hedge fund, predicted a “debt crisis” and a ”perfect storm” of economic pain.

Veteran financial reporter Gregory Zuckerman in The Wall Street Journal on March 11, pointed out that the smartest guys in the room can’t predict the future. Bond king Jeffrey Gundlach predicted last March that a recession would come “in a few months, and famed economist David Rosenberg has predicted a recession would begin for the past two years.