Published: January 24, 2019
JP Morgan Chase Chief Executive Jamie Dimon told CNBC on Wednesday that “geopolitical noise” could lead to a recession.
“The U.S. economy is kind of like a ship that’s going it’s going, ex- the shutdown 2 to 2.5 percent and that’s going to keep going for a while,” Dimon said.
“Then you have all this other noise, geopolitical noise, Brexit noise, what’s the Fed going to do, … shutdown, trade. They’re kind of buoys in the water in front of that ship. Eventually that may very well cause a slowdown or a recession.”
“I don’t know 2020 or 2021, but the range of possibilities is broader and the range of bad outcomes is increasing,” he added.
The founder of the world’s largest hedge fund had a similar message for market participants.
from News fore today http://bit.ly/2R8AN52
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