Market wisdom at a glance * SignalTube

Jamie Dimon is on the search for cockroaches connected with the credit markets. He's drawing parallels now with the GFC, saying people are doing dumb things for money, basically lending for net interest income.

Speaker1

On the one hand, he is saying that maybe there are going to be cracks coming through from the AI trade. But he sees no major impact on credit losses as a result of AI.

Speaker2

Jamie Dimon

Unfortunately, we did see this in '05 and '06 and '07, almost the same thing. The rising tide lifts all boats. Everyone was making a lot of money. I don't know how long it's going to be great for everybody. I see a couple of people doing some dumb things.