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When the guy with biggest balance sheet in the world tells you to watch out for 'looser underwriting,' you don't argue with him
You de-risk
JPMorgan CEO Jamie Dimon just warned private credit losses could be “larger than expected.”
When the biggest bank starts talking risk, you should listen
But Don’t worry
Trump will step up and either will state “We have a deal to reduce the losses at the minimum acceptable level”
or will state: “I m giving u 48hr to f..g reverse the losses to profit otherwise the hell will be upon to you”
Kinda bullish when he’s trying to spread fear?