Jamie Dimon is concerned about the US economy going back to the 1970s

JPMorgan CEO Jamie Dimon is worried the US economy could be in for a repeat of stagflation. Dimon: The US economy is in danger of repeating stagflation that hampered the country during the 1970s. JPMorgan CEO Dimon says he is concerned the economy is headed back to stagflation in the 70s.

JPMorgan Chase CEO Jamie Dimon said the US economy was booming and consumer spending continued to be resilient. Jamie Dimon says US economy is ‘unbelievable’ and booming. JPMorgan Chase chief said consumer spending was resilient and consumer spending continued to remain resilient.

Jamie Dimon realized that "underwriting standards were deteriorating across the industry," with late payments on subprime loans rising. In late 2006, the bank led his firm to exit Wall Street's hot subprime business, starting with a frantic call made to J.P. Morgan's vacationing Chief of Securitized Products.