Junk Bond Investors Pile Into the Riskiest Debt - Dad
Jamie Dimon Photographer: Al Drago/Bloomberg
Jamie Dimon and Jeff Gundlach have cautioned that valuations on credit are stretched, with Dimon saying credit spreads are "a little unnaturally low".
Bloomberg 19 July 2025
I don’t want to be a tone deaf CEO; while the company is doing fine, it is absolutely obvious that a big chunk of [people] have been left behind
— 40% of Americans make less than $15 an hour:
40% of Americans can’t afford a $400 bill, whether it’s medical or fixing their car
15% of Americans make minimum wages.
70,000 die from opioids.
Jamie Dimon, chairman and CEO of JPMorgan Chase
“Dad, what’s a financial crisis?”
One of Jamie Dimon’s daughters called him up from school with a question more than a decade ago: “Dad, what’s a financial crisis?”
The billionaire who runs JPMorgan Chase & Co. tried to put her at ease. “It’s the type of thing that happens every five to seven years,” he told her, he later testified to the Financial Crisis Inquiry Commission.
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