Jamie Dimon isn't too worried about private credit, but he sees another problem for markets

From morningstar.com

JPMorgan Chase CEO Jamie Dimon, the man who warned about cockroaches in the regional banking system, now sees a potential "skunk at the party" in 2026 that could lead to a recession and a bear market for stocks. And while some might assume the skunk has something to do with worries about private credit, as Dimon wrote in the bank's (JPM) annual shareholder letter Monday, the lack of transparency has created greater losses than there should be in the current environment, he said. And because that market is relatively small, it "probably does not present systemic risk." Also read: Jamie Dimon warns, 'When you see one ... (full story)