• “Unemployment is extremely low, and wages are going up, particularly at the low end,” the executive wrote.
• “Even if we go into a recession, consumers would enter it in far better shape than during the great financial crisis. Finally, supply chains are recovering, businesses are pretty healthy and credit losses are extremely low.”
• Dimon commented only last summer that JPMorgan Chase would prepare for an imminent economic “hurricane” and said his firm would “be very conservative” with their balance sheet.

Tagged: Economy