JPMorgan CEO Dimon: Cracks Will Eventually Appear in the Bond Market
According to a report by Jinse Finance, JPMorgan CEO Jamie Dimon has warned that after the U.S. government and the Federal Reserve's "massive over-expenditure" and quantitative easing, the bond market is "bound to crack." Dimon said, "I just don't know if a crisis will occur in 6 months or 6 years, and I hope we can change the trajectory of debt and the ability of market makers to make markets." "Unfortunately, we may need it to wake us up." Dimon has repeatedly expressed his concerns about global deficit spending in recent years. On Friday, when asked if the so-called "Bond Vigilantes" are making a comeback, he said, "Yes."
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