JPMorgan Chase CEO Dimon: The Bond Market Will Eventually Crack

BlockBeats News, May 31st, JPMorgan Chase CEO Jamie Dimon warned that after the U.S. government and the Fed's "massive overkill" spending and quantitative easing, the bond market is "likely to crack."

Dimon said, "I just don’t know whether it’s 6 months or 6 years from now when it happens, but it is going to happen. I hope we can change the trajectory by fixing our debt, having a little bit of fiscal discipline, having very pro-competitive policies that support the growth agenda. Not wishful thinking; that is what we should do." Dimon has expressed concerned about global deficit spending in recent years. On Friday, when asked if the so-called 'Bond Vigilantes' could make a comeback, he said, "Yes." (Jin10)