An interview with JPM CEO Jamie Dimon
- Dimon bullish on the U.S. economy
When asked Monday on CNBC's "Closing Bell" what the single biggest risk to the economy is, Dimon had two answers.
- First, the U.S. trade dispute with China, if it escalates into a full-blown war, would erase much of the progress the administration has made, he said.
- And then there's the unwinding of unprecedented efforts by central banks around the world a decade after the 2008 financial crisis.
"I don't want to scare the public, but we've never had QE," Dimon said. "We've never had the reversal. Regulations are different. Monetary transmission is different. Governments have borrowed too much debt, and people can panic when things change."
Note - Mr D has not scared me. I am already sitting here with clenched b … fists, yeah clenched fists.
This while the US stock market is on a wee drift lower. But the BTD trade has been working for a decade+ now. When does it end?
