Dimon Worried NIRP Will Hit US, Says Socialism Is Eroding Society
“I honestly don’t think they understand what socialism is. That doesn’t mean that capitalism is perfect."
“I honestly don’t think they understand what socialism is. That doesn’t mean that capitalism is perfect."
by Eugene Townes | Nov 11, 2019 | News
Dimon: "I think you should vilify Nazis, but you shouldn’t vilify people who’ve worked hard."
by Eugene Townes | Nov 6, 2019 | News
Dimon: "The road to hell is paved with good intentions when it comes to policy."
On negative rates: "I think as a permanent part of policy, it is a really bad idea."
by Eugene Townes | Sep 19, 2019 | Economy
Dimon on the U.S. economic expansion: “It could go on for years. There’s no law that says it has to ...
"American businesses now have their foot poised above the brake, and they’re tapping the brake periodically."
JPMorgan CEO calls out irresponsible government lending: "And now they want to forgive it."
Lawfirm partner: "Bulletproof vests covered with fire-retardant suits may not protect the banks.”
Dimon also acknowledges there are flaws with capitalism and that it should be combined with a strong social safety net.
Still, experts say, the economy remains on strong ground as its expansion continues.
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