Another Financial Elite Goes on Record About the Bubble

Phoenix Capital Research's picture

Last week former Fed Chairman Alan Greenspan warned that the bond market was a gigantic bubble waiting to burst.

This week, another financial elite, Jamie Dimon, CEO of JP Morgan, has said the same thing.

“I do think that bond prices are high,” the chief executive officer of JPMorgan Chase & Co. said Tuesday in an interview on CNBC. “I’m not going to call it a bubble, but I wouldn’t personally be buying 10-year sovereign debt anywhere around the world.”

Source: Bloomberg

This would be an ASTONISHING admission from ANY bank CEO. But coming from the CEO of JP Morgan, the single largest bank in the United States, it is truly incredible.

As current CEO, Dimon has to be cautious in his statements (hence why he refused to outright call bonds “a bubble”). But he is openly admitting that when it comes to his PERSONAL capital, he wouldn’t touch 10-year SOVEREIGN bonds anywhere in the world.

Why is this a big deal?

Because sovereign bonds are the BEDROCK of the entire global financial system. They are the “risk-free” rate against which all risk assets are priced.

So if sovereign bonds are in a bubble, every asset under the sun is in a bubble.

And worse still, when the bond bubble bursts, we’re talking about ENTIRE COUNTRIES (not banks) going bust.

Think what happened to Greece in 2010… for around the world.

On top of this, the bond bubble is bigger than anything the world has ever seen. The housing bubble was about $14 trillion in size. This bubble is north of $100 TRILLION.

You've been warned.

We offer a FREE investment report outlining when the bubble will burst as well as what investments will pay out massive returns to investors when this happens.

It's called The Biggest Bubble of All Time (and three investment strategies to profit from it).

We made 1,000 copies to the general public.

As I write this there are just 97 are left.

To pick up your FREE copy...

CLICK HERE!

Best Regards

Graham Summers

Chief Market Strategist

Phoenix Capital Research

Comment viewing options

Select your preferred way to display the comments and click "Save settings" to activate your changes.
LawsofPhysics's picture

Blah blah blah...

...do bankers and financiers still have access to essentially FREE MONEY, yes?  Then NOTHING is going to change you dumb fuck.

elephant's picture

Thanks for the warning!  And all the warnings of imminent collapse that you've issued over the past eight years. Thank goodness I avoided this market and made lots of money shorting it, too! ;-)

wow thats crazy's picture

This is to important! make more copies!!!

Whats going to happen next time you have really important information that could save people's lives? not make enough copies for everyone? Sorry guys but we are to cheap to buy more paper!

That's Bullshit

syzygysus's picture

Dammit, all 97 copies are gone.  What am I gonna do?

BuckWild's picture

Call Hitliray? Or call the DONald? No, just bend over place your head firmly between your legs, and kiss you arse goodbye? Same if any thing else happens that scares you!

Northern Flicker's picture

I think what he really means is "we always have 97 copies left."

HalinCA's picture

Didn't Janet brief him yet?

bardot63's picture

Not every asset is in a bubble.  Gold and silver are dirt cheap.

blueskyranch's picture

PMs cheap thanks to the FED monkey hammers. Buy more while you can...

Gods's picture

Yes they are picked me up some American buffalos they are a beauty

ReturnOfDaMac's picture

Should have waited, just saw 12 monkeys looking for a hammer ....

Buck Johnson's picture

This is amazing and I think I know why.  Usually these guys especially the ex head of the biggest bank in the US don't talk like this at all.  But since he is it looks as if they are setting up the market and the hype for when they go after NK and say see the market was weak and so this war helped it along to the bottom. 

Stuck on Zero's picture

Exactly how are US bonds going to burst if the Fed simply prints and acquires them? It's the dollar that's the loser.