JPMorgan CEO Dimon Warns Markets Resemble Era Before 2008 Recession

‘Everyone was making a lot of money, people leveraging to the hilt,’ Jamie Dimon said at a bank event in New York City.

JPMorgan Chase CEO Jamie Dimon speaks at The Institute of International Finance annual membership meeting at the Ronald Reagan Building in Washington on Oct. 24, 2024. Kevin Dietsch/Getty Images

Markets worldwide are starting to resemble the era before the 2008 financial crisis and recession, warned JPMorgan Chase CEO Jamie Dimon on Monday an event hosted by his company.

“Unfortunately, we did see this in ‘05, ’06, ‘07, almost the same thing,“ Dimon said at JPMorgan’s annual investor meeting in reference to the years before the crisis. ”The rising tide lifting all boats, everyone was making a lot of money, people leveraging to the hilt. The sky was the limit.”