Current Events-Economy

http://www.jpmorganchase.com/corporate/annual-report/2014/ar-solid-strategy.htm

Chase Bank CEO sounds alarm regarding "next financial crisis", sounding certain it will happen.

Some things never change — there will be another crisis, and its impact will be felt by the financial markets

The trigger to the next crisis will not be the same as the trigger to the last one — but there will be another crisis.

Most important, we will enter the next crisis with a banking system that is stronger than it has ever been

Recent activity in the Treasury markets and the currency markets is a warning shot across the bow

The good news is that almost no one was significantly hurt by this, which does show good resilience in the system. But this happened in what we still would consider a fairly benign environment. If it were to happen in a stressed environment, it could have far worse consequences.

Banks may be less able to act positively in the next crisis, but they also are far stronger and unlikely, in our opinion, to create the next crisis. Many other actors in the financial system, from hedge funds to long–term investors, including corporations and large money managers, will, at some point, step in and buy assets. The government, of course, always is able to step in and play an important role.

Fundamentally, as long as the economy is not collapsing, financial markets generally recover. Whatever the turn of events, JPMorgan Chase will have the capability to play its role in supporting clients and communities in the countries in which we operate.