Jamie Dimon warns US banking crisis will be felt for years

Paul Lane and Marc Fandetti express some skepticism surrounding the latest JOLTS report. Oil prices surged on Monday and US officials voiced their displeasure a day after OPEC members announced production cuts. The World Bank warns of lost decade for global economy. Jamie Dimon expressed concern in his letter to shareholders. Dimon believes that the US banking crisis could have lingering effects for years to come. According to Bloomberg, there have been more than 500,000 job cuts since October. Major auto manufacturers report robust start to the year due in part to inventory levels.