🚨 JPMORGAN CEO JAMIE DIMON ON GOVERNMENT DEBT AND THE WARNING SIGNS:
"We can't borrow endlessly and spend endlessly. If you look at the buildup in debt around the world, America's gone from 50% of GDP to 100%. Countries around the world are borrowing money. We can't be complacent."
On how it ends:
"There will be a point where the market will ask for more and more and more. At one point that'll feed into corporate debt, corporate credit spreads. That's how it normally happens."
His advice:
"The best thing to do with any of these things is deal with it before it becomes a crisis. If it becomes a crisis, we will deal with it. It just will be in a much less pleasant way."