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Jamie Dimon: There’s ‘truth’ to China’s claim US is ‘incompetent and lazy’

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Jamie Dimon thinks that “there is truth” to China’s claim that the United States is “incompetent and lazy” — though he added it was a “mistake to say that America has the short end of the stick.”
Dimon, whose net worth is pegged by Forbes at $1.5 billion, warned of “storm clouds” on the horizon for the US economy and predicted that the odds favor either a “harder recession” or “maybe something worse.”
The billionaire banking executive who heads Wall Street investment giant JPMorgan Chase made the comments during a freewheeling client call last Tuesday. The contents of the call were first reported over the weekend by Yahoo! Finance.
The JPMorgan CEO touched on geopolitical issues, noting that “China has serious issues.”
“Autocratic management can work in certain things, but doesn’t work in the long run,” Dimon said of China.

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