Monday, May 12, 2008

JPMorgan Chase CEO: recession is just beginning

JPMorgan Chase & Co.'s chief executive said Monday that while the crisis in the credit markets appears to be three-quarters over, he believes a U.S. recession is just beginning. ..... said CEO James Dimon, whose bank saw its first-quarter profit fall by half due to the recent collapse of the U.S. mortgage market. "The recession just started."

read more | digg story

No comments:

3-8-2026

  Donald Trump ripped for behavior at dignified transfer: ‘Take your (expletive) hat off’ TENSE: Loud bang reported near U.S. Embassy in Osl...