JPMorgan Chase CEO: Recession Just Beginning

JPMorgan Chase CEO: Recession Just Beginning: "NEW YORK -- JPMorgan Chase & Co.'s chief executive said Monday that while the crisis in the credit markets appears to be three-quarters over, he believes a U.S. recession is just beginning.

'Even if the capital markets crisis resolves, it does not mean that this country will not go into a bad recession,' said CEO James Dimon, whose bank saw its first-quarter profit fall by half due to the recent collapse of the U.S. mortgage market. 'The recession just started.'"