We know this guy’s word means absolutely nothing so more than likely he’s buying commodities in his personal accounts and dumping dollars while making public statements like the one above. But I guess what he’s trying to say is that he expects the Fed to raise rates as inflation increases so JP Morgan will be able to earn a higher rate of interest on their loans outstanding as the Fed raises rates. JP Morgan’s stock price, however, is getting walloped the past week or two though so I guess investors in the stock don’t agree.