Jamie Dimon Warns of Recession Risk as Pandemic Support Measures Fade

Another key concern is the private credit market where companies borrow from non-bank entities. Dimon predicts that this sector could face significant difficulties in a recession scenario. He cautioned investors against rushing into credit markets at current prices, citing potential risks not reflected in valuations. “I wouldn’t buy credit at current prices” he stated, reflecting his view on the unjustifiable high valuations of this market.