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In this article * JPM Follow your favorite stocksCREATE FREE ACCOUNT JPMorgan Chase CEO and Chairman Jamie Dimon speaks during the U.S. Senate Banking, Housing and Urban Affairs Committee

oversight hearing on Wall Street firms, on Capitol Hill in Washington, U.S., December 6, 2023. Evelyn Hockstein | Reuters JPMorgan Chase CEO Jamie Dimon sees risks climbing around the world

amid widening conflicts in the Middle East and with Russia's invasion of Ukraine showing no signs of abating. "We have been closely monitoring the geopolitical situation for some

time, and recent events show that conditions are treacherous and getting worse," Dimon said Friday in the bank's third-quarter earnings release. "There is significant human

suffering, and the outcome of these situations could have far-reaching effects on both short-term economic outcomes and more importantly on the course of history," he said. The

international order in place since the end of World War II is unraveling in light of conflicts in the Middle East and Ukraine, rising U.S.-China tensions, and the risk of "nuclear

blackmail" from Iran, North Korea and Russia, Dimon said last month during a fireside chat held at Georgetown University. "It's ratcheting up, folks, and it takes really

strong American leadership and Western world leaders to do something about that," Dimon said at Georgetown. "That's my No. 1 concern, and it dwarves any I've had since

I've been working." The ongoing conflict between Israel and Hamas recently hit the one-year mark since Hamas' attack on Oct. 7, 2023, sparked war, and there have been few

signs of it slowing down. Tens of thousands of people have been killed as the conflict has broadened into fighting on multiple fronts, including with Hezbollah and Iran. At least 22 people

were killed and more than 100 injured in Beirut from Israeli airstrikes on Thursday. Iran launched more than 180 missiles against Israel on Oct. 1, and worries have risen that an Israeli

retaliation could target Iranian oil facilities. Meanwhile, the Russian government approved a draft budget last week that boosted defense spending by 25% from 2024 levels, a sign that Russia

is determined to continue its invasion of Ukraine, analysts say. Dimon also said Friday that he remained wary about the future of the economy, despite signs that the Federal Reserve has

engineered a soft landing. "While inflation is slowing and the U.S. economy remains resilient, several critical issues remain, including large fiscal deficits, infrastructure needs,

restructuring of trade and remilitarization of the world," Dimon said. "While we hope for the best, these events and the prevailing uncertainty demonstrate why we must be prepared

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pick to play rare earths * Wells Fargo says Tesla shares to drop 60% with sales trending 'meaningfully weaker' * Buy hard assets such as gold ahead of a potential bond market

panic, says Bear Traps’ Larry McDonald