‘It Is Going to Happen': JPMorgan CEO Jamie Dimon Warns of Crack in the Bond Market
JPMorgan Chase CEO Jamie Dimon warned of a crack in the bond market and said the U.S. should be stockpiling military equipment instead of Bitcoin at an economic forum on Friday. Dimon, who was interviewed on stage at the Reagan National Economic Forum in Simi Valley, Calif., prompted some market jitters during Friday's sideways trading session. Asked if he thought so-called 'bond vigilantes' that sell U.S. Treasuries due to worries about growing deficits have returned, Dimon replied 'Yeah.'
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