I do not believe Jamie Dimon at all. It isn't bad. Its worse.

The banks in The US are all dead. The Fed killed them. It will just be a while before they fall down. Only about 5 banks will continue to exist.

With the All Causes Mortality continuing to increase and demographic collapse, their will be a huge amount of empty houses. Especially in suburban areas.

Commercial realestate is dead. People working from home, and covaids having killed so many mom and pop stores, commercial properties are half vacant, and getting worse. Add to that the higher interest rates and a lack of enthusiasm for banks to refinance this round of loans, this sector is going to crater.