Wall Street chiefs stare down recession fear with upbeat outlook ...Qatar

Wall Street’s two most outspoken CEOs said the US is more than prepared to withstand an economic downturn. JPMorgan Chase & Co chief executive officer Jamie Dimon and his Morgan Stanley counterpart, James Gorman, both said on Thursday that they aren’t steering their firms toward shelter even as they see a confluence of global events denting the economy in the months ahead. “The consumer right now is in great shape,” Dimon said on a conference call discussing his company’s second-quarter results. “So even if we go into a recession, they’re entering that recession with less leverage and in far better shape than they did in ’08 and ’09.”  Gorman, on his bank’s earnings call, said a deep or dra

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