While JP Morgan CEO Jamie Dimon is wisely humble in an interview this morning —
“People can not predict the future”
— he shares our concerns over the present condition of the bond market:
“I personally wouldn’t be buying a 10-year sovereign debt anywhere in the world”
However, unlike Greenspan, he doesn’t see a bubble:
“I’m not going to call it a bubble”
And he believes the Fed is on the right track:
“My view is the Fed is doing the right things, raising rates, telling people we’re going to start reducing the balance sheet”