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Jamie Dimon says financial markets' only bubble is in sovereign debt

1 month ago   |   By Business Insider

The only bubble forming in financial markets is in sovereign debt, JPMorgan Chase CEO Jamie Dimon told CNBC on Wednesday.
The chief executive railed against the negative interest rates seen in Europe, and warned that bonds with negative rates are a harbinger of poor market performance.
When asked if he views the US stock market as overvalued, Dimon pointed to the US's steady economic growth as justifying the record highs seen in 2020.
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