Is the US economy moving sideways?
FoxNews.com columnist Liz Peek, former investment banker Carol Roth, former Pennsylvania governor Ed Rendell (D) and Kaltbaum Capital Management President Gary Kaltbaum on JPMorgan Chase CEO Jamie Dimon’s claim that the U.S. won’t see a recession for the next few years.
JPMorgan CEO Jamie Dimon had some good news for the American people: He doesn't foresee a recession in the United States for at least the next few years.
However, not everyone shares Dimon's optimism. A new poll says 67 percent of America's CFOs expect to enter a recession by the third-quarter of 2020, and 84 percent believe the U.S. will be in a recession by the first-quarter of 2021.
Carol Roth, a former investment banker, says that if she had to bet on who was right, her money would be on Dimon.
"I think that certainly this year should be a good growth year," Roth said on FOX Business' “Bulls & Bears” Thursday. "I think that there is a better likelihood of us seeing slower muddled growth or even going sideways versus getting a recession."
Roth also added that international trade could be the cause of issues for the economy, but that does not mean a recession is coming down the pipeline.
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Fears of a recession were high at the end of 2018, as global markets appeared to be slowing down. But recent reports show stable growth for these areas.