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Forum - Wall Street Pit (S&P 500 Index - "Spiders - SPY)    Stock Due Diligence for All

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From: sr99 (Rep: 341)Date: 04/06/2020 17:04
Forum: Wall Street Pit - Msg #2832344 - List SPY msgs Thread #674140985 (Rec: 0)
PMorgan Chase CEO Jamie Dimon used his annual shareholder letter to detail just how bad he thinks the US economy can get from the coronavirus pandemic.

Dimon expects a "bad recession," he wrote in the letter released Monday, saying that in the most adverse scenario, gross domestic product could plunge at a 35% annual rate in the second quarter and that a downturn would last through the rest of the year. The unemployment rate would spike as high as 14% in this environment.

https://www.cnn.com/2020/04/06/investing/jamie-dimon-jpmorgan-chase-shareholder-letter/index.html

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