Cash is king. And liquidity is very important to the financial markets.
Several reports have suggested lately that Jamie Dimon, CEO of JP Morgan believes “No investors will be safe” from a possible liquidity crisis. He believes a liquidity crisis could come if conditions continue in the direction they are facing.
“Some things never change,” the CEO wrote in a 39-page annual letter to shareholders on Wednesday. “There will be another crisis, and its impact will be felt by the financial market.”
Here is the video.