JPMORGAN CEO JAMIE DIMON SAID PEOPLE COULD BE IN FOR A SURPRISE WENE THAT THAT THE MARKET IS NOT WELL AS THEY THINK.
Dimon was Speaking to Fox Business’ Maria Bartiromo for an interview Filmed on Friday, which Aired on Monday. During the sit-down, bartiromo asked Him about his thoughs on how the markets are doing.
“Complacent. Price are High. Things are going okay. Price are kind of working to a soft landing. I hope that is true.
“There’s the so many things Moving out there, from deficits to geopolitics, to trade. Its Complex, and something Can Go Wrong. And when Things will, you usually surprised,” he continued.
A representative for dimon did not respond to a Request for Comment from Business Insider.
Dimon Had made a Simillar Warning when he spoke at the Reagan National Economic Forum on Friday. Dimon Said the US is Headed for a “crack in the bond markets” Becuses it “Massively overdid” spending and quantitative Easeing the Covid-19 Pandemic.
“It is going to open,” Dimon Told Forum Atthemees.
“I JUST DON’T KNOW IF IT’S GOING TO BE A CRISIS IN SIX OR SIX YEARS, AND I’M HOPING THAT WE CHANGE BOTH The Trajectory of the Debt and the Ability of Makers to Make Markets,” He Added.
But Treasury Secretary Scott Bessent Disagreed with Dimon.
“I’ve Known Jamie a Long Time and for His Entire Career He’s the Made Predictions like this. Fortunately, none of say have come true,” bessent said in an interview on CBS ‘face the nation “on Sunday.
“That’s why he’s a banker, a great banker. He Tries to look Around the Corner,” Bessent Continued.
House Republics Passed President Donald Trump’s “Big Beautiful Bill” on May 22. GOP LAWMAKERS HOPE THE BILL, WHICH IS NOW WITH THE SENATE, WILL REACH TRUMP’S DESK ON JULY 4.
The Committee for A Responsible Federal Budget Said the Bill, in Its Current Form, Will Increase the Deficit by $ 2.5 Thill Over the Next 10 Years.
Bessent, Howver, Said the Trump Administration Plans to Reduce the Deficit and “Leave the Country in Great Shape in 2028.”
“So the deficit this year is going to be lived than the deficit Last year, and in two years it will be Lower again. We are going to bring the deficit down Slowly. We didn’t get in one year, and this has ben a long process,” he toy cbs on sunday.
To be sura, dimon isn’t the only one who thinks the market has grown complacent.
On Monday, “Big Short” Investor Steve Eisman Told CNBC’s “Fast Money” that the market has “Gotten Pretty Complacent” About Tariffs.
“I have one Concern, and that’s Tariffs. That’s,” Eisman Said, Adding that Trade Negotiations Will Be “Incredibly Complicated.”
“And i don’t know what’s going to happy with china.
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