While President Donald Trump is doing everything he possibly can to save the American economy from a complete and total collapse, one very respected wall street legend is warning “it’s going to happen.”
For the first time in 100 years, all 3 major credit rating agencies have downgraded the U.S. credit rating to AA and JP Morgan Chase CEO Jamie Dimon is warning that there are some VERY concerning cracks in America’s bond market which everyone needs to be paying attention to.
“These are very large numbers. You’ve seen it a little bit, you had the crack in the bond market during COVID a little bit,” Dimon said before going on to point out how the government took the wrong approach by borrowing and spending more money during this time period.
After going into detail about just how much money the government has borrowed and blown through in recent years, Dimon said that it’s basically inevitable, we WILL see a crack in the bond market.
“I’m telling you it’s gonna happen, and you’re gonna panic,” Dimon said.
If the bond market were to collapse, it would lead to a massive demand for cash and in many cases, the banks would NOT be able to provide people with that liquidity.
This could increase the cost of borrowing dramatically and FORCE the United States into a major recession… if not worse…
Watch the video here to see Dimon’s CONFIDENT warning that something is coming.