New Delhi: US economy to spring up a surprise - JP Morgan Chase

[dcollon]

Interview with Jamie Dimon

 

http://profit.ndtv.com/news/show/us-economy-to-spring-up-a-surprise-jp-morgan-chase-181223?ch=kdflhbplk

 

[rranjan]

Good interview. Thanks for posting it here.

[ERICOPOLY]

He says the US consumer is 2/3 complete with delevering.

 

Is that right?  I suppose every charge-off at BofA is a debt washed out of the system.  Consumer delevering doesn't necessarily mean that debt is repaid.

 

So maybe the system of jingle mail in many states has it's advantages -- faster consumer delevering.