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Story summary
- Jamie Dimon, CEO of JPMorgan Chase, warned that rising debt, geopolitics and oil prices could trigger a bond crisis as U.S. debt nears $39 trillion.
- He said a bond crisis would lift yields, dry up liquidity and force central banks to buy bonds as a last resort.
- Dimon noted the $1.7 trillion private-credit market is not systemic, but the lightly regulated $1.8 trillion sector could face harsher losses in the next credit recession.
