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The credit markets are headed for “some kind of bond crisis,” warned JPMorgan Chase CEO Jamie Dimon, who urged policy makers to act before the markets react.
During a Q&A session at the Norges Bank Investment Management Conference in Oslo on April 28, Dimon said the rising levels of government debt in the U.S. and around the world, is a problem that should be handled.
“I’m not that worried, we’ll be able to deal with it,” said Dimon of a looming bond crisis. “I just think maturity should say you should deal with it, as opposed to let it happen.”
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