Friday, June 7, 2013

Dimon: Be afraid, Be very afraid…

Global markets will face increased volatility as central banks bring interest rates back to normal levels, JPMorgan Chase CEO Jamie Dimon said.

“We should all hope for a normalization of interest rates — that’s a good thing,” Dimon said yesterday during a panel discussion at the Fortune Global Forum in Chengdu, China. “As we go back to normal, it’s going to be scary, and it’s going to be kind of volatile.”

Investors have been encouraged to buy riskier assets as global central banks unleashed unprecedented monetary stimulus after the financial crisis of 2008….

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