Key Words: Jamie Dimon puts likelihood of recession at 100% — obviously

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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%.’

Jamie Dimon

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.”

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