JPMorgan’s Dimon Admits “Something Has Gone Terribly Wrong” In America… And China Knows It

As his bank tries to offload big blocks of Manhattan real estate, JPMorgan CEO Jamie Dimon proclaimed in his latest annual letter to shareholders, published Wednesday morning, that the economic expansion in the US could run through 2023, which would justify lofty equity valuations which recently pushed the S&P 500 north of 4K. And the CEO who once called for the US to raise taxes on the rich and adopt more explicitly socialist policies to expand access to