Jamie Dimon Says Crack in the Bond Market Is ‘Going to Happen’

Jamie Dimon warned that a crack in the bond market is “going to happen” after the US government and Federal Reserve “massively overdid” spending and quantitative easing.

“I just don’t know if it’s going to be a crisis in six months or six years, and I’m hoping that we change both the trajectory of the debt and the ability of market makers to make markets,” the JPMorgan Chase & Co. chief executive officer said Friday at the Reagan National Economic Forum. “Unfortunately, it may be that we need that to wake us up.”