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Why we should be paying attention to Jamie Dimon, CEO of JPMorgan Chase Thumbnail

Why we should be paying attention to Jamie Dimon, CEO of JPMorgan Chase

Last week CEO of JPMorgan Chase, Jamie Dimon said:

“The word unprecedented is rarely used properly,” Dimon said this week. “This time, it’s being used properly. It’s unprecedented what’s going on around the world, and obviously Covid itself is a main attribute.”

This seems a little unnerving, what should we do about it?
Take a deep breath. Not a time for either greed or fear
Get your head out of the sand
Think of it as a 50% chance of a really bad storm
Put yourself in a financial position to “batten down the hatches”

Raise cash
Reduce debt
Rethink purchases for “wants”
Don’t underestimate the resiliency of the USA economy over time

With Kevin Myeroff from NCA Financial Planners
Aired 7/20/2020 WTAM AM 1100

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