JPMorgan CEO says investors should prepare for the possibility of 4% yields and increased market volatility.
US borrowing could jump to $400 billion per quarter which is "a lot," he warned. But he added that: "At the moment the economy is strong" and "America looks pretty good."
Dimon made his comments in the context of the approaching end to quantitative easing, which is considered a relative unknown. "We’ve never had QE, we’ve never had reversal," he said.
JPMorgan CEO Jamie Dimon thinks US...
Members of parliament in Canberra, who earn a base salary of $203,000, barristers, and CEOs will be getting the biggest tax discount from 2024 as average income earners get a paltry $540 saving.
Progressive lawmakers—several of whom are eyeing 2020 presidential bids—are increasingly embracing sweeping guaranteed jobs proposals. But many of their Democratic colleagues remain hesitant to offer a full-throated endorsement of the concept.