JPMorgan CEO: Rising U.S. Debt Could Trigger Market Turmoil
According to a report by Jinse Finance, JPMorgan CEO Dimon stated on Monday that the rising U.S. debt is a "big problem" that could bring "tough times" to the bond market, leading to wider spreads. This comment echoes his earlier warning of potential market turmoil due to increased U.S. government spending. "If people believe the dollar is no longer a reliable choice, you might see credit spreads widen; that would be quite a significant issue," Dimon said. "This will affect financiers, including small businesses, small business loans, high-yield debt, leveraged loans, and real estate loans. Therefore, bond market volatility should be a concern."
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