Are the financial markets about to be greatly shaken? The housing market is imploding, corporate bankruptcies are surging, there are all sorts of warning signs in the employment market, and much of the population is feeling our seemingly endless cost of living crisis very keenly. But so far the stock market has seemed immune to the growing problems that are plaguing the real economy. We have witnessed an AI-driven stock market boom in recent months, and those at the top of the economic pyramid have greatly benefited.

But could this boom soon go bust?  JPMorgan Chase CEO Jamie Dimon seems to think so.  He just publicly admitted that he is "far more worried than others" about a stock market crash…

The chances of the US stock market crashing is far greater than many financiers believe, the head of America's largest bank has said.

Jamie Dimon, who is the chair and chief executive of the giant Wall Street bank JPMorgan Chase, said he was "far more worried than others" about a serious market correction, which he predicted could come in the next six months to two years.

Dimon is typically very optimistic when he is speaking publicly about the financial markets.

Was this a case of him letting his guard down, or was something else going on here?

A lot of people are going to hear what Dimon has said, and they will act accordingly.

Of course I certainly agree that the stock market is primed for a crash.

This month stock prices have been the most overvalued that I have ever seen in my entire lifetime, and the Bank of England is comparing the current state of affairs to the dotcom bust…

Much of the rapid growth in the stock market in recent years has been driven by investment in AI.

On Wednesday, the Bank of England drew a comparison with the dotcom boom (and subsequent bust) of the late 1990s – and warned that the value of AI tech companies "appear stretched" with a rising risk of a "sharp correction".