JPMorgan's Dimon Warns Soaring Government Debt Poses 'Huge Risk' to Economy and Markets
• Global economy approaching "point of no return" due to mounting government debt, believes JPMorgan Chase CEO Jamie Dimon
• U.S. national debt now over $34 trillion; debt-to-GDP ratio has jumped from 35% in 1982 to 100% currently
• Hockey stick scenario U.S. debt could spiral to 130% of GDP by 2035, leading to "rebellion" in global markets
• Calls situation a "cliff" the U.S. is approaching at 60 mph; says it's a huge risk to national and global security
• Dimon rules out swapping Wall Street for Washington, committing to stay at JPMorgan "for now"