Yeah. J. Dimon also forecast 10Y to be 3.5% last year.
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I hear Dimon is actually pretty dumb (relative to peers) and just happened to be in the right place at the right time under some chance circumstances to end up as ceo
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@jpmorgan's assessment is cogent and reasonable, especially in light of recent announcementshttps://twitter.com/JimPethokoukis/status/1238208191202238464?s=19 …Thanks. Twitter will use this to make your timeline better. UndoUndo
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Tomato, tomatoe; recession, depression; lets call the whole thing off
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Got a nice little economy there. Be a pity if anything should happen to it.
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Oh- too bad I won’t get paid millions for saying this in January
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ya think?
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JPMORGAN: "Revised GDP forecast of -2.0% annualized growth in 1Q, followed by -3.0% growth in 2Q. ... forecast assumes a fiscal response of about $500 billion. .... If the spread of virus moderates .... stage could be set for a return to growth in 3Q, when we forecast 2.5%"