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JPMorgan Chase CEO Jamie Dimon warns of impending global bond crisis.
Jamie Dimon warned that rising global government debts could soon trigger a global bond crisis.
KEY POINTS
- Dimon expects a sharp jump in bond yields, potentially causing investors to shift from equities to bonds.
- He highlighted that the current mix of risks, including geopolitics and oil prices, could combine unpredictably.
- The IMF projects global public debt will surpass 100% of GDP by 2029, reaching post-WWII levels.
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Summarized by Newsio from The Economic Times. How we summarize →