As private credit worries rattle investors, mind the risks in the markets

THE markets are trading close to their all-time highs, but it is getting hard to ignore the air of caution that has crept into the buoyant mood in recent weeks. There have even been murmurings of a possible repeat of the 2008 global financial crisis (GFC). 

Earlier in the week, the CEO of US financial giant JPMorgan Chase, Jamie Dimon, addressing investors, said: “My own view is people are getting a little comfortable that this is real – these high asset prices and high volumes – and that we won’t have any problems.

“There will be a cycle one day,” he was quoted as saying in a CNBC report. “I don’t know what confluence of events will cause that cycle. My anxiety is high over it,” he added.