Jamie Dimon says US needs to ‘get our own act together’
- Jamie Dimon, CEO of JPMorgan Chase, cautioned in June 2024 about the tense US-China relationship and highlighted internal national challenges during his remarks at an economic forum in California.
- His warning followed escalating trade tensions after President Trump's tariffs disrupted US-China trade and were affected by shifting tariff levels and court rulings.
- Dimon highlighted that the US faces mismanagement in permitting, regulations, immigration, taxation, education, and healthcare, while China remains a strong but troubled potential adversary.
- He quoted that the US deficit was about $2 trillion or 7% of GDP in 2024, warning it could rise to 10% during a recession and exhorted, "We have to get our act together."
- Dimon agreed with Warren Buffet that fixing these issues could enable 3% annual US growth, yet he expressed concern about internal weaknesses despite resilient fundamentals.
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Read Full ArticleAlarming! Jamie Dimon Is Most Worried About the "Enemy Within"
JP Morgan Chase CEO Jamie Dimon says we need to get “our act together and quickly.” He also said he is most worried about the “enemy within.” It seems he just woke up. It would have been helpful if he woke up a little faster. Jamie Dimon is not fucking around today… “China is an […] The post Alarming! Jamie Dimon Is Most Worried About the “Enemy Within” appeared first on www.independentsentinel.com.
Coverage Details
Total News Sources60
Leaning Left6Leaning Right15Center14Last UpdatedBias Distribution43% Right
Bias Distribution
- 43% of the sources lean Right
43% Right
L 17%
C 40%
R 43%
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