While many investors may worry about the effects of the US-China trade war, Brexit and Middle East tensions on the world economy, Jamie Dimon has this advice: Relax.
Chairman and CEO of JPMorgan Chase & Co.
JPM, + 0.29%
told "60 Minutes" on Sunday that today's world is no more unpredictable than it has been in the past, and that it was just a global post-war crisis that really affected the global the economy in the short term – oil embargo from 1[ads1]973, which triggered a global recession.
“This is the most prosperous economy the world has ever seen, and it will be a very prosperous economy for the next 100 years. "
In a broad interview with Lesley Stahl of CBS News, Dimon said he is optimistic about the US economy.
"The consumer, which is 70% of the US economy, is quite strong," he said. “Confidence is very high. The balance is in good shape. And you see that the strength of the American consumer drives the US economy and the global economy. And while business slowed down, my current view is that no, it was just a slowdown, not a petering out. "