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The Ides of March

Archive for April 2015

313: Jamie Dimon predicting another financial Crisis

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JPMorgan CEO Jamie Dimon, who was born on March 13, 1956, said in his recent letter to shareholders that last year’s volatility in US Treasuries is a “warning shot” to the world that the next financial crisis could be exacerbated by a shortage of the U.S. Treasuries.

According to Dimon, The October 15, 2014 gyration, when U.S. Treasury yields fluctuated by almost 0.4 percentage point in one day, was an “unprecedented move” that could have profound consequences in a stressed environment,

According to Dimon,  U.S. Treasuries are supposed to be among the most secure and stable of all securities. It’s just a matter of time until some political, economic or market event triggers another financial crisis, he said, without predicting one is imminent.

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Written by harenews

April 10, 2015 at 2:57 am