‘This is the most prosperous economy the world has ever seen’ says Jamie Dimon — and it’s going to continue

‘This is the most prosperous economy the world has ever seen’ says Jamie Dimon — and it’s going to continue

While many investors may worry about the effects that the U.S.-China trade war, Brexit and Middle East tensions are having on the global economy, Jamie Dimon has this advice: Relax. The chairman and chief executive of JPMorgan Chase & Co. (JPM) told “60 Minutes” on Sunday that today’s world is no more unpredictable than it has been in the past, and that in the post-World War II era, only one global crisis has truly affected the global economy in the short run — the 1973 oil embargo, which set off a global recession. “This is the most prosperous economy the world has ever seen and it’s going to be a very prosperous economy for the next 100 years.” — Jamie Dimon In a wide-ranging interview with CBS News’s Lesley Stahl , Dimon said he’s optimistic about the U.S. economy. “The consumer, which is 70% of the U.S. economy, is quite strong,” he said. “Confidence is very high. Their balance sheets are in great shape. And you see that the strength of the American consumer is driving the American economy and the global economy. And while business slowed down, my current view is that, no, it just was a slowdown, not a petering out.” “This is the most prosperous economy the world has ever seen.” The CEO of America’s biggest bank, Jamie Dimon, says the U.S. consumer is "quite strong" https://t.co/fFUJgepYXG pic.twitter.com/LeLfgp56yN — 60 Minutes (@60Minutes) November 11, 2019 In September , Dimon said he does not expect a resolution […]

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