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Berkshire Hathaway chairman Warren Buffett and J.P. Morgan Chase chief executive Jamie Dimon told CNBC the U.S. economy is in rare form and could continue to prove strong for years to come.
In an exclusive joint interview with CNBC’s Becky Quick, Dimon and Buffett cited several aspects of the economy as reasons for optimism.
The article goes on to state the following:
“Right now, there’s no question: It’s feeling strong. I mean, if we’re in the sixth inning, we have our sluggers coming to bat right now,” Buffett said in the “Squawk Box” the interview that aired Thursday.
“I’m no good at predicting out two or three or five years from now, although I will say this: there’s no question in my mind that America’s going to be far ahead of where we are now 10, 20 and 30 years from now,” the 87-year-old billionaire added. “But right now, business is good. There’s no question about it.”
CNBC noted that the J.P. Morgan chief echoed Buffett’s praise:
For his part, Dimon — who’s led J.P. Morgan as its CEO since 2005 — echoed Buffett’s positive comments on the state of economic growth, saying that the current uptrend in business could last a number of years.
“The way I look at it, there is nothing that is a real pothole,” the bank chief said. “Business sentiment is almost at the highest level it’s ever been, consumer sentiment is at its highest levels, markets are wide open, housing’s in short supply and my guess is mortgage credit will expand a little bit.”
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Warren Buffett had endorsed and financially supported Hillary Clinton in the 2016 presidential race. He had condemned Trump for not making his tax returns public.
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