Finance•Feb 24
Jamie Dimon says 'watch out’ as lofty asset prices add to economic risks: ‘My anxiety is high’
economy, citing elevated asset prices and a competitive environment in banking that reminded him of the pre-2008 crisis years. At the same time, concerns over loans to software companies at the nexus of AI worries have walloped private credit lenders after Blue Owl spooked markets last week when it announced it had to sell assets to satisfy investors clamoring to exit one of its funds. In response to a question from the veteran banking analyst Mike Mayo, Dimon said the current environment felt similar to the three years leading into the 2008 financial crisis in that "everyone is making a lot of money, people were leveraging, the sky was the limit."
