This post may contain affiliate links which may compensate us based on your interaction. Please read the disclosures for more information.
A credit crunch could be brewing as bond market stress threatens small business lending, job stability, and economic growth.
The bond market might be on the verge of delivering a crushing blow to small businesses across America — and JPMorgan Chase CEO Jamie Dimon wants the public to brace for impact. In comments spotlighted by TheStreet, Dimon warned that if global investors begin to lose faith in U.S. debt, credit spreads could “gap out” — a Wall Street term for a sharp widening that could make borrowing…
More from my site
72% of Americans Say the Economy Is in Fair or Poor Condition. Here’s Why
3 Surprise Expenses That Shocked Me When I Had My First Kid
Here’s What Happens When You Pay for Everything in Cash
Here’s What Happens When You Shop at Costco.com as a Non-Member
When the Market Plunges: Smart Moves for Investors to Make Now
Dave Ramsey Says These 9 Habits Will Make You Richer: How Many Do You Practice?
