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Jamie Dimon won’t put more of his own money into the long end of the bond market right now—thanks to the $39 trillion national debt
['Eleanor Pringle', 'July', 'Min Read']
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J.P. Morgan Chase CEO Jamie Dimon says he is against investing his personal wealth any further into long-dated Treasury bills because of the potential for a bond market crisis brought on by the U.S.'s $39 trillion in national debt.
Dimon has continually lobbied policymakers to take action over the debt—and they have continually disappointed him.
"I know that the inflation numbers were good yesterday … the thing about numbers, you dig into these numbers, I mean really dig into them, and I wouldn't give them too much credence."
Dimon is speaking about the headwinds that will shape yields on government bonds on the longer end: Inflation expectations and government borrowing.
"These are very high debt numbers and very high deficit numbers, and we're actually doing quite well," Dimon said.