Jamie Dimon, the chief of JP Morgan isn't worried about the end of QE

Jamie Dimon, the chief of JP Morgan isn't worried about the end of QE. Dimon says the end of QE is a good thing and will most likely be uneventful. However, Dimon does think interest rates will rise, perhaps to 5% on the 10 year UST, double where it is today. But he says that it is unlikely to slow the economy because companies already have a lot of cash. And a stronger economy means they only will be generating more of it. So he doesn't think the higher borrowing costs will affect them much. Those of us who operate in the money economy are very sensitive to interest rates, writes Dimon. Maybe overly sensitive. (VIEW LINK)

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