Jamie Dimon says the U.S. economic expansion 'could go on for years.' sponsored by FlexSharesETFs
The biggest bank in the world's largest economy just posted record quarterly results showing U.S. growth continuing to start the year. But how long can it last?
"If you look at the American economy, the consumer is in good shape, balance sheets are in good shape, people are going back to the workforce, companies have plenty of capital," Dimon told analysts during a conference call. 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.
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