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Jamie Dimon, CEO of JPMorgan, reveals he always has a prepared strategy for a recession, yet is not implementing it presently.


CNBC's Jim Cramer joins the 'Halftime Report' with Jamie Dimon, JPMorgan CEO, to discuss the company's investment in underserved areas in the country and the state of the economy. For access to live and exclusive video from CNBC subscribe to CNBC PRO: » Subscribe to CNBC TV: » Subscribe to CNBC: Turn to CNBC TV for the latest stock market news and analysis. From market futures to live price updates CNBC is the leader in business news worldwide. Connect with CNBC News Online Get the latest news: Follow CNBC on LinkedIn: Follow CNBC News on Facebook: Follow CNBC News on Twitter: Follow CNBC News on Instagram: #CNBC #CNBCTV ...(read more)


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As the COVID-19 pandemic continues to wreak havoc on economies across the world, many business leaders are struggling to adapt to the rapidly changing landscape. However, according to Jamie Dimon, CEO of JPMorgan Chase, he already has a recession playbook in place and is ready to use it if necessary. Dimon recently spoke at the Economic Club of New York, where he discussed the current state of the economy and the measures that JPMorgan is taking to weather the storm. He pointed out that the bank has always been prepared for a recession and has plans in place to mitigate the impact on its business. "I always have a playbook for a recession, and we've been using parts of it," he said. "But in terms of the big playbook, we're not using it yet because we're not in the depths of a recession." While there is no doubt that the pandemic has caused significant economic upheaval, Dimon believes that the current situation is less dire than previous recessions. He pointed out that while some industries, such as travel and hospitality, have been hit hard, others, such as technology and healthcare, are thriving. In addition, the government has taken unprecedented steps to support the economy, including massive stimulus packages and low interest rates. These measures have helped to cushion the blow and prevent a full-blown recession, according to Dimon. However, he also acknowledged that the situation is still uncertain and that JPMorgan is keeping a close eye on a range of economic indicators in order to detect any potential problems early on. "We're watching, we're waiting, we're prepared," Dimon said. "If things get worse, we'll be ready to use that recession playbook." Dimon's comments offer a glimpse into the mindset of one of the world's most influential business leaders at a time of great uncertainty. While the pandemic has caused significant disruption across the globe, it's clear that some companies are better prepared than others to weather the storm. JPMorgan's CEO is confident that his company is one of the former, thanks in large part to the recession playbook that he's been honing for years. https://inflationprotection.org/jamie-dimon-ceo-of-jpmorgan-reveals-he-always-has-a-prepared-strategy-for-a-recession-yet-is-not-implementing-it-presently/?feed_id=92429&_unique_id=644c69587707d #Inflation #Retirement #GoldIRA #Wealth #Investing #breakingnews #businessnews #cable #cablenews #CNBC #FastMoneyHalftimeReport #financenews #financestock #financialnews #money #moneytips #newschannel #newsstation #stockmarket #stockmarketnews #Stocks #usnews #worldnews #RecessionNews #breakingnews #businessnews #cable #cablenews #CNBC #FastMoneyHalftimeReport #financenews #financestock #financialnews #money #moneytips #newschannel #newsstation #stockmarket #stockmarketnews #Stocks #usnews #worldnews
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