The banking disaster does elevate the danger of recession, JPMorgan Chase & Co. JPM Chief Executive Jamie Dimon stated Thursday, although he’s assured the scenario will likely be resolved.
In an interview aired Thursday evening on “Mahaz News PrimeTime,” Dimon stated the banking business’s present woes are “like another weight on the scale” towards a recession. “It won’t necessarily force recession, but it is recessionary,” he stated.
But…
Source web site: www.marketwatch.com