摩根大通CEO：市場波動將進一步加劇

????在利率環境恢復至較為正常的水平之前，金融市場的情形會十分可怕。這是摩根大通（JPMorgan）首席執行官杰米?戴蒙周四在中國成都召開的財富全球論壇（Fortune's Global Forum）上向與會代表傳達的信息。

????“當央行著手管理利率時，人們面對的是一個完全不同的世界，”戴蒙說。他指的是美聯儲（Federal Reserve）將長期利率硬性保持在低位的做法。他提醒與會人員，二戰以后，美聯儲沒有去人為設定10年期美國國債利率，利率直到1950年左右才實現正常化?！啊具@一次】利率環境恢復正常前，市場會非?？膳拢瑒邮幉话?。”

????但戴蒙強稱，長期趨勢仍然向好，而大多數人往往會在市場大幅波動時反應過激。這是一個及時的提醒，因為此前道瓊斯工業平均指數和納斯達克綜合指數在周三出現了兩個月來的最大單日跌幅。戴蒙指出，美國經濟仍在增長，雖然增速不夠理想。歐洲的形勢還有待繼續觀察，但他表示，如果沒有歐洲領導人的努力，當地的經濟危機可能比要現實糟糕得多。

????戴蒙對年輕一代的前景也看好。對于經常被批評為自我中心、自以為是的年輕一代，戴蒙說，“一代不如一代”的說法是不經大腦的“胡說八道”。事實上，他說，新一代人才前所未有的出色。

????但這些年輕人正面臨空前的全球范圍內的競爭?！跋乱粋€史蒂夫?喬布斯不會是從斯坦福大學（Stanford）出來的，”他說。下一個喬布斯可能會來自美國以外，因為科技正在顯著改善其他地區的教育水平。

????戴蒙談到雇用和培養年輕一代的話題時，另一位講話嘉賓——可口可樂公司（Coca-Cola）首席執行官穆泰康談到了向年輕一代營銷產品所面臨的挑戰。消費者口味的變化比以往任何時候都快，像可口可樂公司這樣擁有知名品牌的企業必須與他們建立起對話，而不是說以營銷者的姿態灌輸想法。社交媒體正在世界各地推動類似的對話，尤其是在中國這樣的國家。

????穆泰康說，在這樣的對話中，可口可樂公司擁有優勢，因為它的業務遍布世界各地。“可口可樂公司實現了人才招聘本地化，運營本地化，納稅本地化，”穆泰康說。他的這番即興講話肯定會讓蘋果公司（Apple）首席執行官蒂姆?庫克不勝感激（蘋果公司的海外業務享受著相對較低的當地稅率——譯注）。

????與穆泰康和戴蒙同臺講話的還有聯想集團（Lenovo）首席執行官楊元慶。他們就商業規則如何改變進行了廣泛的討論。對于行業背景迥然不同的這三位CEO而言，他們討論的主題實際上是一樣的：企業需要快速應變，以適應瞬息萬變的全球市場新形勢，無論它們是滿足消費者或企業客戶的需求，亦或是政府監管部門的要求。（財富中文網）

????譯者：默默

????It's going to be scary out there in the markets until we reach a more normal interest rate environment. That was the message delivered by JPMorgan (JPM) CEO Jamie Dimon to delegates at the Fortune Global Forum in Chengdu, China on Thursday.

????"It's a different world when central banks are managing interest rates," Dimon said, referring to the Federal Reserve's orchestrated effort to keep long-term rates low. He reminded the audience that 10-year bond rates haven't been set by the Fed since World War II, and rates didn't normalize until around 1950. "Until it gets back to normal [this time], it's going to be scary and volatile."

????But Dimon emphasized that the long-term trend still looks positive, and that most people tend to overreact to the dramatic ups and downs in the market. It was a timely reminder, as the Dow Jones industrial average and the Nasdaq suffered their worst losses in two months on Wednesday. Dimon pointed out that the U.S. economy is still growing, albeit it not as fast as it should. In Europe, he said it remains to be seen what will happen, but he said the economic crisis there "could have been worse."

????The bank chief was also optimistic about the prospects for the next generation of workers. Millennials have been repeatedly bashed for being self-centered and entitled but Dimon said the idea that today's young generation is any different "is hogwash." In fact, he said new talent has never been better.

????But these young people are competing on a global scale like never before. "The next Steve Jobs not going to come from Stanford," he said. Instead, he or she will likely come from outside the U.S., where technology is improving education dramatically.

????While Dimon spoke about hiring and training the younger generation, his fellow panelist, Coca-Cola CEO Muhtar Kent, spoke of the challenges in marketing to them. Consumers' tastes change faster than ever, and companies with established brands like Coca-Cola (KO) must engage them in a dialogue rather than speaking to them as marketers. Social media is fueling this conversation around the globe, especially in countries like China.

????Kent said his company has an advantage in this dialogue because it operates locally in markets around the world. "Coca-Cola hires locally, operates locally, and pays its taxes locally," Kent said, in an offhanded remark surely Apple (AAPL) CEO Tim Cook would appreciate.

????Kent and Dimon were joined on stage by Lenovo CEO Yuanquing Yang for a wide-ranging discussion about how the rules for business are changing. For three different CEOs in three very different industries, the underlying theme was the same: Companies need to quickly evolve to adapt to the new realities in the ever-changing global market, whether they're meeting demands of consumers, businesses, or government regulators.