JPMorgan Just Admitted the Bubble Is Back

When the Gatekeeper Blinks Jamie Dimon doesn’t spook easily. He’s navigated crises. Absorbed fallen rivals. Expanded market share while others drowned. When the 2008 financial crisis detonated, JPMorgan didn’t collapse — it consolidated power. So when Dimon says today’s markets resemble 2005, 2006, and 2007, you don’t brush it off. You lean in. Because those years weren’t just “good times.” They were the final act before the largest financial implosion in modern history. And the language he used was precise: Rising asset prices. Surging volumes. Leverage creeping higher. Investors getting comfortable. Comfort is the precondition for collapse. The “Rising Tide” Lie — Again In 2006, the narrative was simple: housing never falls nationwide. Today’s version? Liquidity is permanent. Central banks…