Jamie Dimon, the high-profile CEO of JPMorgan Chase & Co., is being widely quoted for his forecast that a 4% yield is on the horizon for the 10-year Treasury note, but, in a Bloomberg TV interview conducted in Beijing and airing Tuesday, Dimon also pointed to a yet more troubling specter lurking around the corner: recession.
And he labeled it a certainty — if one doesn’t put a deadline on the fulfillment of his forecast, that is:
‘Someone asked me once, What’s the odds of a recession? I said it’s 100%.’
The question, not to bury the lede, is when. Dimon conceded as much.
“Right now,” the JPMorgan JPM, +0.55% CEO said, “the American economy in a very broad-based way is strong.”