Why we should be paying attention to Jamie Dimon, CEO of JPMorgan Chase

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Why we should be paying attention to Jamie Dimon, CEO of JPMorgan Chase

by Kevin Myeroff on Jul 23, 2020

Business

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Last week, Jamie Dimon, CEO of JPMorgan Chase said:  “The word unprecedented is rarely used properly,” Dimon said this week. “This time, it’s being used properly. It’s unprecedented what’s going on around the world, and obviously Covid itself is a main attribute.”

This seems a little unnerving, what should we do about it?
Take a deep breath. Not a time for either greed or fear
Get your head out of the sand
Think of it as a 50% chance of a really bad storm
Put yourself in a financial position to “batten down the hatches”

Raise cash
Reduce debt
Rethink purchases for “wants”
Don’t underestimate the resiliency of the USA economy over time

Aired 7/20/2020 WTAM AM 1100


 

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