Dimon: America’s Biggest Threat Is ‘The Enemy Within’
JPMorgan Chase CEO Jamie Dimon expressed concern over the deteriorating US-China relationship, emphasizing that while China poses a potential threat, America’s internal issues are equally alarming. He warned against underestimating China’s resolve in trade negotiations, stating that expecting capitulation is unrealistic. Dimon stressed the need for immediate domestic reform, citing mismanagement in various sectors like permitting, regulations, and healthcare as critical obstacles to economic growth. Failure to address these internal problems, coupled with a growing national deficit, could severely jeopardize the US economy.
John Q. Hosedrinker