Finance

Jamie Dimon’s warning for the U.S. economy

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Attempting to forecast the path of the American economy right now is like peering into a dark well — nobody knows how deep the hole goes.

Even Jamie Dimon, CEO of JPMorgan Chase and veteran prognosticator of all things financial, is flummoxed. As head of the financial system’s bellwether, a bank with $3.2 trillion in assets that serves almost half of U.S. households and a wide swath of its businesses, Dimon has a unique vantage on the world’s largest economy.

“The word unprecedented is rarely used properly,” Dimon said this week after JPMorgan reported second-quarter earnings.  “This time, it’s being used properly. It’s unprecedented what’s going on around the world, and obviously Covid…



Source cnbc.com

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