By Dan Celia for Newsmax Finance
Recently, JPMorgan’s CEO, Jamie Dimon, indicated concern that loan volume continues to be dramatically lower than before. The state-run media, analysts, and even many CEOs remain loyal to a promising narrative of recovery. Yet if you pay attention to their actions instead of their words, you will hear another message.
There is continual talk about a return to our pre-pandemic economy. Is recovery on the horizon? Yes. Is a revisit to pre-pandemic numbers plausible? Maybe. Is a sustainable return to it imminent? Absolutely not.