When JPMorgan CEO Jamie Dimon steps up to a microphone and starts walking back the “soft landing” narrative, you know the talking points from Washington aren’t holding up. Speaking at a Morgan Stanley conference this week, Dimon cautioned that the U.S. economy may soon face “deterioration,” a signal that the thin veneer of recovery is already starting to crack. Dimon, a seasoned veteran of the 2008 crisis and a man who doesn't make offhanded predictions, pointed to a combination of fading stimulus, eroding confidence, and rising structural weaknesses as reasons why the economy’s recent performance shouldn’t be trusted at face value. “I think there’s a chance real numbers will deteriorate soon,” he warned. The End of the Free Ride What…
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