The David Lin Report · Monday, June 29, 2026
Jamie Dimon, CEO of JPMorgan Chase, expressed concerns about Europe's economic performance, noting a decline in its GDP share relative to the US. He attributed this to high taxes, significant debt-to-GDP ratios, and policies that are perceived as anti-business, hindering capital formation and growth.
“The GDP of Europe has gone up 90% of America to 70%. And at the current and our view is it'll probably continue to erode over time because high taxes I'm not against social safety nets and we should probably talk about that a little bit too but they're too high and effective a lot of countries. Uh their debt they have 100% debt to GDP also but you know growing slow is much worse with 100% debt to GDP than growing fast and and um and they're you know kind of kind of anti-business you know poor tax structures that stop investment.”
“Capital formation generally drives growth. A lot of that capital was moving here. Like here here's some big numbers for you. Our stock exchange is worth I think 60 maybe 70 trillion today. Uh you know Deutsche Börse three. You know the FTSE at UK four. The French one at three. You know and and that is serious stuff and and and there's not a deep recognition.”