Jamie Dimon says it's a 'huge mistake' to think economy will boom with so many risks out there
Publishing timestamp: 2023-09-11 14:58:29
Summary
JPMorgan Chase CEO Jamie Dimon warns that it would be a mistake to believe that the strong U.S. economy will last for years. He cites concerns about central banks reducing liquidity programs, the Ukraine war, and excessive government spending. While the economy is currently supported by healthy consumer balance sheets and rising wages, there are risks ahead. Dimon also discusses potential strains in real estate and subprime auto lending, as well as regulatory mandates and uncertainties in the IPO and merger markets. He expresses caution about deteriorating relations with China.
Sentiment: MIXED
Tickers: JPM,
Keywords: banks, breaking news: investing, breaking news: markets, breakingnewsglobal, investment strategy, jamie dimon, jpmorgan drn, business news,
Source: https://www.cnbc.com/2023/09/11/jamie-dimon-huge-mistake-to-think-economy-will-boom.html