JPMorgan (JPM) CEO Dimon says the credit downturn will be worse than people think
- Says he is not concerned about the US economy
- Worst case, he worries about deflation
Context
JPMorgan's CEO Jamie Dimon suggests that the anticipated downturn in credit markets could be more severe than currently acknowledged. While he expresses confidence in the US economy, his concerns about deflation signal potential risks for growth and could influence investor sentiment in the banking sector and broader equities markets.
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