Jamie Dimon,

"The US Economic Boom May Reach 2023" -Part 1

  Jamie Dimon, "The US Economic Boom May Reach 2023" -Part 1 JPMorgan Chase Chief Executive Officer Jamie Dimon said that the outbreak will last at least two years in the United States, saying he is optimistic that it will end with an economic recovery. Dimon said in his annual letter to shareholders posted on the bank's website: "With more savings, new incentive savings, large deficit spending, more QE (quantitative expansion), a new potential infrastructure bill, a successful vaccine and enthusiasm at the end of the pandemic I think its economy is likely to boom. " Stating that this economic boom could easily reach 2023, Dimon said the unprecedented federal bailout programs reduced unemployment and prevented further economic recession. Dimon also pointed to US consumers who are using incentive controls to minimize debt in 40 years and give them "extraordinary" spending power when lockdowns are over. He said the latest round of quantitative easing measures will create more than $ 3 trillion of deposits in US banks, some of which can be loaned.

JPMorgan Chase Chief Executive Officer Jamie Dimon said that the outbreak will last at least two years

According to Dimon, this could contribute to a Goldilocks moment in which growth was rapid and sustained while inflation rose slightly. Dimon, 65, is the foremost executive in global banking and serves as the industry's spokesperson while leading both Wall Street and the consumer credit giant. Dimon, who has led the company since the end of 2005, is known as the only CEO who is still at the helm after managing a large bank in the financial crisis. The 65-page letter (plus a page footnote) is the longest letter Dimon has ever written from last year, when he returned to work after his emergency heart surgery. This letter; It touches on many issues, from financial regulations to China, from inequality and institutional racism. Jamie Dimon, "The US Economic Boom May Reach 2023" -Part 1

Source: Yahoo.Finance

 

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