JPMorgan's Dimon on serious threats, recession, bank risks, WFH, China

JPMorgan's billionaire CEO also pushed back against rumours he might run for president, cast doubt on the working-from-home boom, and shared what he'd like his legacy to be.1."We all want to be in a position where banks can fail and the world doesn't go down the tubes."

3."Consumers have money, they have $1 trillion more in their checking accounts. It's been coming down, and we think sometime around the end of the year that excess money will be spent. Even if we go into recession, consumer's in great shape, businesses are in pretty good shape." 5."I can't get past the notion that we've never had it before. We've never had quantitative easing like this before, we've never had quantitative tightening before. I think the effects on that in the market may be more serious than other people think."

7."We should be looking at our own flaws and not always blaming other people. The Chinese are not 10-feet tall. The notion that somehow America has to be that afraid of China — they don't." 9."I've never really believed I'm suited for it. I also think if you're going to do that, you should practice. You don't just say, 'Oh I'm going to run for office.

Source: Financial Digest (financialdigest.net)

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