JPMorgan Boss Issues Ominous Warning About U.S. Economy

[Zorro]

The CEO says he’s “far more worried than others” about an impending crash.

The United States could be on the verge of another recession, says JPMorgan Chase CEO Jamie Dimon.

The businessman, 69, said in a Wednesday interview with Bloomberg Television that government spending, inflation, and Trump’s trade wars could lead to an economic downturn as early as 2026.

“I hope for the best, plan for the worst,” said Dimon when asked about a potential recession. “You don’t wish it, because certain people get hurt, but it could happen in 2026.”

The same day, Dimon told the BBC that he was “far more worried than others” about the U.S. weathering a stock market correction. He estimated there is “about a 30 percent chance” that one occurs in the next six months to two years.

https://www.thedailybeast.com/jpmorgan-boss-jamie-dimon-issues-ominous-warning-about-the-future-of-the-us-economy/