‘Something worse’ than recession coming – JPMorgan ...News

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‘Something worse’ than recession coming – JPMorgan
source : Russia Today ( News ) () 47
Wall Street bank issues dire warning for the US economy The boss of Wall Street banking giant JPMorgan Chase, Jamie Dimon, has warned investors of the likelihood of a downturn in the US economy, saying that “something worse” than a hard recession could be on the horizon. According to a Yahoo Finance report on Saturday, Dimon noted that the economy is “strong” while businesses’ and consumers’ balance sheets “are in good shape.” The banker, however, pointed out that there are “storm clouds” on the horizon, including rising oil prices and higher interest rates. “When you forecast, you have to think differently. What

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