
JPMorgan Chase Bank General Director Jamie Dimon told CNBC that the current US stock price is “a bit overvalued” and noted, because it is trying to be cautious about the risks of budget deficits, inflation and geo-political concussions.
“The cost of assets is some too high. They fall in the top ten or fifteen percent of historical estimates” – emphasised Jamie Dimon in an interview on CNBC at the Global Economics Forum in the Towers.
“To justify these costs, you need quite good results. We all believe that” – added him.
JPMorgan ‘s General Director argued that the problem is mostly related to the U.S. stock market , but also to the bonds market part. Jamie Dimon pointed out that unlike most business representatives he tries to be cautious in his predictions in his forecasts .
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“I am slightly cautious because of the deficit expenses. This is a global problem, notjustAmerica’s.WillinflationcomeoutIamnotthereal”-summarised the head of thelargestU.S.United Statesbank.