'It is going to happen': Jamie Dimon, CEO of JPMorgan, warns of Crack in the mortgage market

Copyright © HT Digital Streams Limit all rights reserved. Connor Smith, Barrons 2 min Read 01 Jun 2025, 08:00 am ist JPMorgan Chase CEO Jamie Dimon. Summary Dimon asked a few market jitters during Friday’s sideways trading session. JPMorgan Chase CEO Jamie Dimon warned against a crack in the bond market and said the US should impose military equipment on Friday on an economic forum. Dimon, who was interviewed on the stage on the Reagan National Economic Forum in Simi Valley, California, asked a few Marketers during Friday’s sideways trading session. Asked if he thinks that the so -called “Bond vigilantes” that sell US treasury returned due to concerns about the growing deficits, Dimon replied: “Yes.” The banking management showed loans and spending on trillions in the aftermath of the Covid-19 pandemic, which he described as ‘large sums of money, and we don’t really know its full effect.’ “You’re going to see a crack in the bond market,” Dimon said. “It’s going to happen. And I tell my regulators, some of you who are in this room, I tell you that it’s going to happen, and you’re going to panic. ” “I’m not going to panic,” he added. “We are doing well. We will probably make more money, and then some of my friends will tell me: ‘We like crises because it’s good for JPMorgan Chase. “Not really. ‘Government debt was in focus after the US lost its last perfect AAA rating earlier this month when Moody’s downgraded our sovereign debt to AA+. The return on the 30-year Treasury note jumped 0.25 percentage point in May, according to the Dow Jones Market data, the biggest profit of one month since December. It set a highlight of 52 weeks north of 5% on May 21. Dimon also warned against the ‘enemy within’ in the US, which requests a united front and is corrected, among other things, such as consent, regulations, immigration, taxes, schools and healthcare. But he argued that the most important issue was to maintain military alliances and the strongest military in the world. “If we are not the leading army and the leading economy in 40 years, we will not be the reserve currency,” Dimon said. “It’s a fact. Just read the history. ‘ He said the US should “get our deed together, and we have to do it very quickly.” He also weighed the Trump administration’s Bitcoin efforts to collect large amounts of cryptocurrency and the current status of the US dollar as the world’s reserve currency. “We shouldn’t blow up Bitcoin,” Dimon said. “We need guns, bullets, tanks, aircraft, drones, you know, rare earth.” Write to Connor Smith at connor.smith@barrons.com, capture all the business news, market news, news reports and latest news updates on live currency. Download the Mint News app to get daily market updates. More Topics #Bond Market #Bitcoin #Bonds Read Next Story