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JPMorgan's Dimon sees more innings left in economic recovery

Published 06/01/2018, 01:07 PM
© Reuters.  JPMorgan's Dimon sees more innings left in economic recovery
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  • JPMorgan (JPM +1.4%) CEO Jamie Dimon thinks this economic recovery has more oomph left in it, Bloomberg reports. It's taken nine years for the U.S. economy to grow 20%, compared with some previous cycles when the economy increased 40% in less time.
  • "We're probably in the sixth inning," Dimon said Friday at an investor conference in New York. "It's very possible you're going to see stronger growth in the U.S."
  • Dimon says the current round of economic growth has been hampered by "bad policy." Some policy mistakes on taxes and regulations are being fixed now, he added.
  • "I’ve heard people say, well, it’s looking like 2007. Completely untrue," he said. “There’s much less leverage in the system. The banks are much better capitalized. "
  • Previously: Banks gain as strong economic reports lift treasury yields (June 1)
  • Now read: Polymath Network Readies For Security Tokenization Demand


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