Too much for a sleepy Columbus Day on Wall Street. Stocks weren't doing much Monday morning but took a nasty turn lower in the afternoon following stark comments from JPMorgan Chase CEO Jamie Dimon.
Dimon warned that the United States is likely to enter a recession within the next six to nine months.
Dimon made the comments in an exclusive interview with CNBC that aired Monday.
"You can't talk about the economy without talking about stuff in the future...and this is serious stuff," Dimon said in the CNBC interview. He added that he thinks Europe is in a recession already and that the US is probably next. Just a thought.
No comments:
Post a Comment