JPMorgan Chief Jamie Dimon Warns Americans: Brace Yourself For An Economic 'Hurricane' - The Political Insider

JPMorgan Chief Jamie Dimon Warns Americans: Brace Yourself For An Economic 'Hurricane' - The Political Insider

• Wall Street titan Jamie Dimon, CEO of JPMorgan Chase, is warning of a looming economic “hurricane” heading our way.
  

“I said there were storm clouds. But I’m going to change it. It’s a hurricane,” Dimon warned analysts and investors during a financial conference hosted by AllianceBernstein Holdings Wednesday.
“Right now it’s kind of sunny, things are doing fine, everyone thinks the Fed can handle it. That hurricane is right out there down the road coming our way,” he added. “We don’t know if it’s a minor one or Superstorm Sandy.”
...“You’d better brace yourself,” Dimon added. “JPMorgan is bracing ourselves and we’re going to be very conservative with our balance sheet.”..."