www.varchev.com

BlackRock and JPMorgan Chase are worried about the US economy

Two of Wall Street’s most influential CEOs — Larry Fink and Jamie Dimon – are raising warning flags over the nation’s economy.

BlackRock Inc’s Fink said Thursday that U.S. growth is slowing on concern whether the Trump administration’s agenda will get through Congress. Dimon lamented that “it is clear that something is wrong” with the nation in a letter to investors Tuesday. Both CEOs are part of a group of business leaders that advise President Donald Trump.

ink expressed chagrin over the pace of changes so far under the new administration. He told the U.S. economy is slowing as both consumers and businesses wait to see if the new administration can deliver on tax reform and deregulation.

“There’s a greater worry that these proposed changes are going to be harder and harder to execute,” said Fink.

Fink said the U.S. may be the slowest-growing economy in the first quarter among the G-7 nations. Japan, Canada and Europe are expanding faster than anticipated six months ago while the U.S. is lagging expectations.

Dimon used his 45-page annual letter to list ways America is stronger than ever — before jumping into a much longer list of problems.

Source Bloomberg

 


 Varchev Traders


Read more:
RECCOMEND WAS THIS POST USEFUL FOR YOU?
If you think, we can improve that section,
please comment. Your oppinion is imortant for us.
WARNING: Any news, opinions, research, data or other information contained within this website is provided as general market commentary and does not constitute investment or trading advice. Varchev Finance Ltd. expressly disclaims any liability for any lost principal or profits which may arise directly or indirectly from the use of or reliance on such information. Varchev Finance Ltd. may provide information, quotes, references and links to or from other sites and blogs and other sources of economic and market information as an educational service to its clients and prospects and does not endorse the opinions or recommendations of the sites, blogs or other sources of information.
Varchev Finance