Jamie Dimon Warns Credit Cycle Will Be 'Worse Than Normal' — What Prediction Markets Tell Us About The Next Recession - JPMorgan Chase (NYSE:JPM)

JPMorgan (NYSE:JPM) CEO Jamie Dimon warned Monday that the next credit cycle will be “worse than a normal one” due to widespread complacency among lenders.Speaking at JPMorgan’s Global Leveraged Finance Conference in Miami Beach, Dimon said individuals and corporations are in good shape, but governments “have far more debt than they’ve ever had before.”“Asset prices are very high. Credit spreads are very low,” he said. “I don’t think a lot of people have seen a credit cycle. Not everyone who makes loans is ...