{"id":40593,"date":"2026-04-10T12:14:56","date_gmt":"2026-04-10T12:14:56","guid":{"rendered":"https:\/\/cryptomag.finance\/?p=40593"},"modified":"2026-04-10T12:14:56","modified_gmt":"2026-04-10T12:14:56","slug":"jpmorgans-jamie-dimon-warns-us-starting-debt-crisis-and-credit-cycle-downturn","status":"publish","type":"post","link":"https:\/\/cryptomag.finance\/?p=40593","title":{"rendered":"JPMorgan\u2019s Jamie Dimon Warns US Starting Debt Crisis and Credit Cycle Downturn"},"content":{"rendered":"

\"\"<\/p>\n

The chief executive of the biggest US bank is sounding the alarm on the serious risks of America\u2019s mounting debt.<\/span><\/p>\n

In a <\/span>letter<\/span><\/a> to shareholders, JPMorgan Chase chairman and CEO Jamie Dimon says the US government needs to promptly address its debt problem before the situation could balloon into a crisis.\u00a0<\/span><\/p>\n

\u201cHigh and increasing government debt will eventually have to be dealt with \u2014 the right way would be to deal with it now before it becomes a problem; the wrong way would be to let it become a crisis, which, in my opinion, is probably the likely outcome.\u201d<\/span><\/i><\/p>\n

Dimon issues the warning amid what he says is high global sovereign deficits and debts.<\/span><\/p>\n

\u201cGlobal deficits are significantly elevated, particularly during what has been a relatively healthy global economy and, until recently, a time of peace \u2014 the deficit globally is at an extremely high 5%, while global sovereign debt is at all-time highs. The current forecast from the Congressional Budget Office has our debt-to-GDP ratio going from 100% today to 120% in 2036.\u201d<\/span><\/i><\/p>\n

Dimon says the credit cycle downturn that will happen one day will cost higher than expected losses on <\/span>all leveraged lending in general.<\/span><\/p>\n

\u201cThis is because credit standards have been modestly weakening pretty much across the board; i.e., more aggressive and positive assumptions about future performance (called add-backs), weaker covenants, more use of PIK (payment-in-kind; not paying interest in cash but accruing it), more aggressive private ratings (particularly in insurance companies) and more arbitrage (not always a great sign).\u201d<\/span><\/i><\/p>\n

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The post JPMorgan\u2019s Jamie Dimon Warns US Starting Debt Crisis and Credit Cycle Downturn<\/a> appeared first on The Daily Hodl<\/a>.<\/p>","protected":false},"excerpt":{"rendered":"

The chief executive of the biggest US bank is sounding the alarm on the serious risks of America\u2019s mounting debt. In a letter to shareholders, JPMorgan Chase chairman and CEO Jamie Dimon says the US government needs to promptly address its debt problem before the situation could balloon into a crisis.\u00a0 \u201cHigh and increasing government […]<\/p>\n","protected":false},"author":1,"featured_media":40594,"comment_status":"","ping_status":"open","sticky":false,"template":"","format":"standard","meta":{"_exactmetrics_skip_tracking":false,"_exactmetrics_sitenote_active":false,"_exactmetrics_sitenote_note":"","_exactmetrics_sitenote_category":0,"footnotes":""},"categories":[],"tags":[],"class_list":["post-40593","post","type-post","status-publish","format-standard","has-post-thumbnail"],"yoast_head":"\nJPMorgan\u2019s Jamie Dimon Warns US Starting Debt Crisis and Credit Cycle Downturn - Cryptomag<\/title>\n<meta name=\"robots\" content=\"index, follow, max-snippet:-1, max-image-preview:large, max-video-preview:-1\" \/>\n<link rel=\"canonical\" href=\"https:\/\/cryptomag.finance\/?p=40593\" \/>\n<meta property=\"og:locale\" content=\"en_US\" \/>\n<meta property=\"og:type\" content=\"article\" \/>\n<meta property=\"og:title\" content=\"JPMorgan\u2019s Jamie Dimon Warns US Starting Debt Crisis and Credit Cycle Downturn - Cryptomag\" \/>\n<meta property=\"og:description\" content=\"The chief executive of the biggest US bank is sounding the alarm on the serious risks of America\u2019s mounting debt. 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