Is Jamie Dimon's "Scary and Volatile" Prediction on Target?

JPMorgan CEO Jamie Dimon created a stir across the globe Thursday when he told a forum in China markets will remain volatile because of extraordinarily low interest rates.

Speaking at the Fortune Global Forum in Chengdu, China, Dimon said, "It's a different world when central banks are managing interest rates….  Until it gets back to normal, it's going to be scary and volatile."

Stuart Varney, the host of FOX Business' "Varney & Co.," asked Money Morning Chief Investment Strategist Keith Fitz-Gerald and Wall Street analyst Meredith Whitney for their take on Dimon's comments.

Is Dimon right? Check out what Fitz-Gerald and Whitney had to say in the accompanying video.

Join the conversation. Click here to jump to comments…

  1. Walter Baltzley | June 7, 2013

    This coming from a MEGA-BANK…hmmm. What he really means to say is "WE (the banks) are going to keep the markets scary and volatile until we get what we want politically."

  2. H. Craig Bradley | June 9, 2013


    Clearly the U.S. Bankers have hijacked both the politicans and the financial system to their exclusive advantage. Meanwhile, the people are asleep or in their ongoing stupor. The Bankers are the real terrorists and they get away with just about anything except statutory "crimes against persons". They like to be known affectionately as a "necessary evil". How about that?

  3. RickB | June 10, 2013

    Bravo to Walter and Craig above. I would just add that the banks will off-load the losses referred to by Meredith Whitney onto investors still seeking "safety" in fixed-income. I believe we can expect a spate of new ETF bond offerings. Buyer beware!

Leave a Reply

Your email address will not be published. Required fields are marked *

Some HTML is OK