There are storm clouds ahead for the economy, JPMorgan Chase CEO says | CNN Business

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The recent turmoil in the financial system has increased the odds of a US recession, JPMorgan Chase's Jamie Dimon tells CNN in an exclusive interview

The banking crisis caused by the recent collapse of Silicon Valley Bank and Signature Bank has increased the odds of a US recession, JPMorgan Chase CEO Jamie Dimon told CNN’s Poppy Harlow in an exclusive interview on Thursday. Speaking in his first interview since the failure of SVB, Dimon said that while the banking system is strong and sound, the recent turmoil around the financial system is “another weight on the scale” towards recession.

In 2008, he said “it was hundreds of institutions around the world with far too much leverage. We don’t have that.” We don’t have huge problems in our mortgage markets, either, he added. “This is nothing like that. And the American public shouldn’t think that.” Still, said Dimon, it’s okay to let some banks collapse. “Failure is okay,” he said. “You just don’t want this domino effect.

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Texas has less taxes and he’s probably getting a kickback from the state.

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He said it himself, he's not getting involved in social issues in society. That was a lot he said, and the interviewer passed over it. He loves Texas because of its pro business values ignoring social issues. We should listen to this guy?

It’s so good Biden take money and obey order from CCP to ensure the USA collapse financially so China become boss of the world.

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