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3/1, 8:15 PM (Source: TeleTrader)
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JPMorgan CEO expects 'gangbuster' economy

Jamie Dimon (pictured), the chief executive officer of JPMorgan Chase said on Monday that he expects to see a "gangbuster" economy in the next few years, so he isn't worried about the economy overheating.

Dimon also mentioned that as he sees federal bond rates going up, he wouldn't buy 10-year treasuries.

Commenting on the uprising trend of creating special purpose acquisition companies, Dimon recommended being cautious as there is a lot of "hype" and a lot of untrustworthy sponsors, but he noted that his bank was late to the "SPAC game" anyways.

Breaking the News / LH