Jamie Dimon (JPMorgan Chase)

[winston]

JPMorgan CEO Dimon warns of US stock market correction risk: BBC

Heightened risk of a significant correction in the US stock market within the next six months to two years.

There were a “lot of things out there” creating an atmosphere of uncertainty, pointing to risk factors including geopolitical tensions, fiscal spending, and global remilitarisation.

Dimon expressed caution about the US economic outlook last month, warning that the full impact of tariffs, immigration, geopolitics, and President Donald Trump’s tax and spending policies remains uncertain due to their long-term cycles.

Source: Reuters

https://www.businesstimes.com.sg/compan ... n-risk-bbc

[winston]

Wall Street boss warns of ‘cockroaches’ in $3tn debt market

by Chris Price

He was worried about more corporate collapses in the wake of the bankruptcies of subprime car lender Tricolour and auto parts supplier First Brands.

JP Morgan lost $170m in the collapse of Tricolour.

“My antenna goes up when things like that happen. I probably shouldn’t say this but when you see one cockroach, there’s probably more.”

The comments will fuel mounting concerns about the health of the opaque $3tn private credit market, often referred to as shadow banking.

Private equity companies and other money managers in this corner of finance extend loans to companies rather than banks. Regulation is far lighter compared to traditional banks and the sector is far less transparent.

Observers worry lending practices have gotten looser and fear the true performance of loans is being masked by financial engineering.

Source: The Telegraph

https://finance.yahoo.com/news/wall-str ... 46205.html