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."

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1 comment:

sbvor said...

It is increasingly unlikely that we are currently in a recession or that we will be at any point in 2008:
The Recession of 2008 That Wasn’t?