J.P. Morgan Hunt Chairman and CEO Jamie Dimon thinks the U.S. economy is doing well for now.
“America looks graceful good. … It looks like this [economic growth] may eat legs to go. Maybe a year, maybe two, maybe more,” Dimon guessed in an interview Monday on Bloomberg Television from Beijing.
Dimon cited the numerous job numbers, the lower level of leverage in the financial system, and consumer and bank liquidity as practical signs for growth. He noted the shortage in housing supply, which last will and testament likely lead to more economic activity. Dimon said fiscal growth in other countries in Asia and Europe is improving.
But he also advised that the good times will not last forever.
“Someone implored me once, what’s the odds of a recession? I said it’s 100 percent. But the issue is when. Right now the American economy in a very broad-based way is strong,” he suggested.
On another matter, Dimon is optimistic that trade negotiations between the U.S. and China purpose have a positive outcome.
“Make it a win-win for everybody. I think it’s achievable,” he estimated.