Jamie Dimon says the US economic expansion ‘could go on for years’

[tacobell fan]

• According to J.P. Morgan Chase CEO Jamie Dimon, the economic expansion that began after the 2008 financial crisis has no expiration date.
• “There may be a confluence of events that somehow causes a recession, but it may not be in 2019, 2020, 2021,” Dimon said. 

Fears that a recession is on the horizon spiked last month, when bond markets gave signals that economic confidence is dimming the further you look out. A segment of the yield curve inverted, meaning that short-term debt yielded more than longer-term bonds, a phenomenon which often precedes recessions.

But that signal isn’t a perfect predictor, and Federal Reserve officials recently left open the possibility that improving economic conditions could warrant a rate increase.

If a recession did happen in the short term, the most likely cause would be a breakdown in trade negotiations between the U.S. and China, Dimon said. But overall, the game of recession prediction is fool’s play, he said.

[LastManStanding]

Pence/Jr 2024!

[tacobell fan]

Veedu tega bullish ga unnadu, good that industry is not feeling the same as rest of us