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Why you should heed Jamie Dimon’s house price warning

The JPMorgan boss says poor housing affordability is contributing to the inequality tearing the US apart. Australia can learn from his message.

JPMorgan chief executive Jamie Dimon could have predicted the reaction to his annual letter to shareholders, released in New York on Wednesday night.

Inevitably, most readers rushed to his comments on the economic outlook and the share market, which paint a rosy picture of a world rebounding rapidly from the biggest crisis in 70 years.

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James Thomson is senior Chanticleer columnist based in Melbourne. He was the Companies editor and editor of BRW Magazine. Connect with James on Twitter. Email James at j.thomson@afr.com

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    Original URL: https://www.afr.com/link/follow-20180101-p57hh8