Jamie Dimon says economic boom fueled by deficit spending, vaccines could ‘easily run into 2023’
Dimon, in his annual shareholder letter, sees strong growth for the world’s biggest economy in the near term, thanks to the U.S. government’s response to the coronavirus pandemic that has left many consumers flush with savings.
While Dimon called stock market valuations “quite high,” he said a multiyear boom may justify current levels because markets are pricing in economic growth and excess savings that make their way into equities.
While he is bullish for the economy’s immediate future, he sees serious challenges for the U.S., thanks to political and societal dysfunction.
Another bull fan
We will see how long this last