JPM Jamie Dimon:
We need to fix a lot of things. We need to fix us.The dollar may not be the reserve currency if we don’t get our act together. US should be taxing carry forward interestNot increase SALT deductionSays we are going to see a crack in the bond market.Don’t know if crisis will be in 6-months or 6-years.The Fed is right to give time to policy.The Fed has to wait and see.In the future I see inflation. I don’t see deflationary stuffDeregulation and permitting would help growth and inflation We should aspire to 3% growth per year.AI may be deflationary but not next year.I would entertain running for public office if I thought I would have a chance to win.
The markets sold off on the comments on a Friday..
Dow is down -0.48%S&P is down -0.90%Nasdaq is down -1.42%
This article was written by Greg Michalowski at www.forexlive.com.