Jamie Dimon warned that a future bond market crisis is 'going to happen'
Trouble is on the horizon for the global economy.
Jamie Dimon warned that the bond market is in bad shape after the government and Federal Reserve “massively overdid” spending and quantitative easing.
“You are going to see a crack in the bond market, OK? It is going to happen,” Dimon said at the Reagan National Economic Forum.
He doesn’t know when, but it’s coming.
“I just don’t know if it’s going to be a crisis in six months or six years, and I’m hoping that we change both the trajectory of the debt and the ability of market makers to make markets,” said Dimon.
In his mind, maybe America needs a little wake up call.
“Unfortunately, it may be that we need that to wake us up.”
Despite the…
terrible US Treasuries situation
Trump’s tariffs
his fiscal flip-flop with the “big, beautiful bill”
America losing Moody’s triple-A credit rating
and whatever else is going wrong with the economy
…confidence is shaky, BUT Dimon said he won’t panic. He expects to make more money.
“I tell this to my regulators,” Dimon said.
“I’m telling you it’s going to happen, and you’re going to panic. I’m not going to panic, we’ll be fine. We’ll probably make more money and then some of my friends will tell me that we like crises because it’s good for JPMorgan Chase — not really.”
Stay tuned for any updates to this ongoing story.
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