Economy is ‘strong’ but odds for another recession are ‘100 percent’

J.P. Morgan Chase Chairman and CEO Jamie Dimon thinks the U.S. economy is doing well for now.

“America looks pretty good. … It looks like this [economic growth] may have legs to go. Maybe a year, maybe two, maybe more,” Dimon said in an interview Monday on Bloomberg Television from Beijing.

Dimon cited the strong job numbers, the lower level of leverage in the financial system, and consumer and bank liquidity as positive signs for growth. He noted the shortage in housing supply, which will likely lead to more economic activity. Dimon said economic growth in other countries in Asia and Europe is improving.

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