Although many investors may be worried about the effects that the US-China trade war, the strain on Brexit and the Middle East have on the world economy, Jamie Dimon has this advice: Calm.
The Chairman and CEO of JPMorgan Chase & Co.
JPM, + 0.29%
said in 60 minutes on Sunday that today's world is no more unpredictable than it was in the past and that there is only one in the post-World War II era the global crisis has really affected the global economy in the short term ̵
"This is the most prosperous economy the world has ever seen and will be a very prosperous economy for the next 100 years. "
In a wide-ranging interview with CBS News's Lesley Stahl, Dimon said he was optimistic about the US economy.
"The consumer, which represents 70% of the US economy, is pretty strong," he said. "The confidence is very high. Their balances are in great shape. And you see that the power of the American consumer is driving the American economy and the global economy. And while business was slowing down, my current point of view is that, no, it was just a slowdown, not a gain. "