I see things mechanistically. Alliances are maintained when the forces keeping them together are greater than factional self-interest. AFAIK, there is no binding force at the global level that can keep a global-scale alliance from splitting apart when their interests diverge.
More than a year ago my deferred comp management company did away with one of my investment options and just plopped that money into a Black Rock funds. I’ve never liked the company or Fink so I knew I needed to change investment options. I also believed Biden and the dems would soon launch an assault on the tax code so I decided to take a strong cash position and see what happens. In hindsight my reasoning was a little off, but I haven’t lost as much as I could have. LGB/FJB
Well, "Tyler Durden" certainly doesn't like Dimon. I personally don't know what to make of him. I am very glad he appears to be on "our side" vis a vis Davos per Luongo. And I do believe Luongo is correct about him.
He is absolutely right about inflation being longer lasting and stickier than most are foreseeing, and about the need for additional oil and gas production as a tool for U.S. national standing and security. And I am sure he also knows that increased production and delivery of energy is a sine qua non to successfully reduce inflation and keep it from coming back - but is loathe to state that in order to protect the Fed's current spiel about demand destruction and economic contraction being "the answer." Does he not understand that Trump's whole foreign policy was based on economics and specifically the leverage that came from the U.S. being energy independent? And doesn't he remember that Trump's big thing was to get us out of and keep us out of wars? So what does Dimon have against Trump?
It's a little late for him to think energy is going to be a means to "western unity." Not after the pipelines were blown up and after the U.S. has already essentially told Europe it is on its own this Winter. The other thing he says that seems crazy is that he sees and likes "the western world getting together to promote human rights." Where has he been the last couple or three years? What human rights have they not already abrogated that he thinks they will promote? Anyway, the guy IS extremely powerful and appears to be one of the few elites who are against Davos and for U.S. nationalism, so we all should be thankful to him for that.
As you well know, you can't stay in the 'club' if you like Trump. Not the club that Dimon's in. So even if he privately agrees with each and every one of Trump's policies, he can't like him. At least not out loud.
Or he'll find himself where Alan Dershowitz is...no longer invited to the parties in Martha's Vineyard.
It doesn't matter if you're Kanye West or Jamie Dimon...or Ron DeSantis, you have to play the game.
Trump wouldn't play. That's why many of us love him. But you pay a price.
We never know what’s really going on, but as a rule I’m skeptical of these ‘leaks’ as they serve an agenda. Dimon is not on anyone’s side; there is definitely an ‘I’ in Dimon.
Dimon - finally, an adult enters the room. The only thing I worry about is whether he is having his armor polished or trading his suits in for sackcloth. Hopefully, neither.
Who does he think can fix this? I thought trump was handling things pretty well. He got oil prices down and foreign leaders respected him. He doesn't need to be liked.
"I understand his bank just severed ties with Kanye West because of some things West said. "
The commercial separation that is unfolding based on politics will be interesting. If JPM doesn't want to do business with Ye, well then maybe I don't want to do business with JPM. In fact, I don't. I certainly don't want to do business with BlackRock. See ya!
Yesterday, I closed my PayPal account. After Coca-Cola informed my wife and me that we are white racists a year or so ago, we found another brand of soft drink. I now always go to Rumble before YouTube to look for a video. Nobody I know posts anything on Facebook except for pictures of dogs, cats and grandkids. How's that for a business model, Mark Z? You would pretty much have to pay me now to watch a Hollywood movie or a 'network' or cable TV program or news report. You absolutely couldn't pay me enough to watch CNN or MSNBC or the Emmys or the Oscars. I've stopped watching the NFL and (a long time ago) the NBA. I've long ago cancelled my subscriptions to the New York Times, the New Yorker and the Atlantic. The New York Times keeps offering me a digital subscription for $1 a week. No way! I won't buy anything that has a Nike swoosh on it. I went to a bunch of Ivy-type elite schools and universities: I won't give any of them another penny. Its not easy to totally avoid amazon and apple, but I'm trying...
I'm probably one of, say...tens of millions who feel this way...or are beginning to feel this way? We may not have legally segregated schools any more, but it looks like we're going to go Jim Crow one better: a voluntary but totally segregated society based on politics...
And of course, there is growing social separation, too. For most of my adult life I didn't know who was a Republican or Democrat. Frankly, I'm not sure I knew if I was a Republican or Democrat or what it meant to be one or the other. I had friends across the spectrum. But today, increasingly, the two sides have drawn lines and avoid each other. We think we know which of our 'friends' hate Trump, voted for Mrs Clinton and 'Joe Biden', are fine with unlimited immigration and unlimited abortion and unlimited money printing and are all in for WWIII with Russia...and we don't talk to them.
The corrupt relationship between politicians and these money laundering...I mean gambling enterprises is well established and never reported. Casino Jack Abramoff was targeted to be taken out of competition, not for what is really happening.
The ocean is no protection because Davos infects many of our elites. The beat down must be convincing to change their tune. Even then, they still might need deporting to Liberia.
Wall Street wants the same financial domination as Davos. They just aren't ideologues; they know that ESG is the road to ruin.
Trump trying to save the American dream was anathema to them. NO DREAM FOR YOU!!
For a while they were pulling in the same direction; maybe they even thought they were allies. Wouldn't be the first time. Washington and Jefferson thought they were allies unveil it came time to govern the new nation.
I see things mechanistically. Alliances are maintained when the forces keeping them together are greater than factional self-interest. AFAIK, there is no binding force at the global level that can keep a global-scale alliance from splitting apart when their interests diverge.
https://adamnedman.substack.com/i/78302009/the-global-conspiracy
One way or another, there's more going on here than we see in public.
More than a year ago my deferred comp management company did away with one of my investment options and just plopped that money into a Black Rock funds. I’ve never liked the company or Fink so I knew I needed to change investment options. I also believed Biden and the dems would soon launch an assault on the tax code so I decided to take a strong cash position and see what happens. In hindsight my reasoning was a little off, but I haven’t lost as much as I could have. LGB/FJB
Well, "Tyler Durden" certainly doesn't like Dimon. I personally don't know what to make of him. I am very glad he appears to be on "our side" vis a vis Davos per Luongo. And I do believe Luongo is correct about him.
He is absolutely right about inflation being longer lasting and stickier than most are foreseeing, and about the need for additional oil and gas production as a tool for U.S. national standing and security. And I am sure he also knows that increased production and delivery of energy is a sine qua non to successfully reduce inflation and keep it from coming back - but is loathe to state that in order to protect the Fed's current spiel about demand destruction and economic contraction being "the answer." Does he not understand that Trump's whole foreign policy was based on economics and specifically the leverage that came from the U.S. being energy independent? And doesn't he remember that Trump's big thing was to get us out of and keep us out of wars? So what does Dimon have against Trump?
It's a little late for him to think energy is going to be a means to "western unity." Not after the pipelines were blown up and after the U.S. has already essentially told Europe it is on its own this Winter. The other thing he says that seems crazy is that he sees and likes "the western world getting together to promote human rights." Where has he been the last couple or three years? What human rights have they not already abrogated that he thinks they will promote? Anyway, the guy IS extremely powerful and appears to be one of the few elites who are against Davos and for U.S. nationalism, so we all should be thankful to him for that.
@dissonant1
"So what does Dimon have against Trump?"
As you well know, you can't stay in the 'club' if you like Trump. Not the club that Dimon's in. So even if he privately agrees with each and every one of Trump's policies, he can't like him. At least not out loud.
Or he'll find himself where Alan Dershowitz is...no longer invited to the parties in Martha's Vineyard.
It doesn't matter if you're Kanye West or Jamie Dimon...or Ron DeSantis, you have to play the game.
Trump wouldn't play. That's why many of us love him. But you pay a price.
We never know what’s really going on, but as a rule I’m skeptical of these ‘leaks’ as they serve an agenda. Dimon is not on anyone’s side; there is definitely an ‘I’ in Dimon.
Dimon - finally, an adult enters the room. The only thing I worry about is whether he is having his armor polished or trading his suits in for sackcloth. Hopefully, neither.
But likely both.
Who does he think can fix this? I thought trump was handling things pretty well. He got oil prices down and foreign leaders respected him. He doesn't need to be liked.
@George
"I understand his bank just severed ties with Kanye West because of some things West said. "
The commercial separation that is unfolding based on politics will be interesting. If JPM doesn't want to do business with Ye, well then maybe I don't want to do business with JPM. In fact, I don't. I certainly don't want to do business with BlackRock. See ya!
Yesterday, I closed my PayPal account. After Coca-Cola informed my wife and me that we are white racists a year or so ago, we found another brand of soft drink. I now always go to Rumble before YouTube to look for a video. Nobody I know posts anything on Facebook except for pictures of dogs, cats and grandkids. How's that for a business model, Mark Z? You would pretty much have to pay me now to watch a Hollywood movie or a 'network' or cable TV program or news report. You absolutely couldn't pay me enough to watch CNN or MSNBC or the Emmys or the Oscars. I've stopped watching the NFL and (a long time ago) the NBA. I've long ago cancelled my subscriptions to the New York Times, the New Yorker and the Atlantic. The New York Times keeps offering me a digital subscription for $1 a week. No way! I won't buy anything that has a Nike swoosh on it. I went to a bunch of Ivy-type elite schools and universities: I won't give any of them another penny. Its not easy to totally avoid amazon and apple, but I'm trying...
I'm probably one of, say...tens of millions who feel this way...or are beginning to feel this way? We may not have legally segregated schools any more, but it looks like we're going to go Jim Crow one better: a voluntary but totally segregated society based on politics...
And of course, there is growing social separation, too. For most of my adult life I didn't know who was a Republican or Democrat. Frankly, I'm not sure I knew if I was a Republican or Democrat or what it meant to be one or the other. I had friends across the spectrum. But today, increasingly, the two sides have drawn lines and avoid each other. We think we know which of our 'friends' hate Trump, voted for Mrs Clinton and 'Joe Biden', are fine with unlimited immigration and unlimited abortion and unlimited money printing and are all in for WWIII with Russia...and we don't talk to them.
This is why Luongo says Dimon isn't on our side--he's just the enemy of our worse enemy right now.
Lol!
The corrupt relationship between politicians and these money laundering...I mean gambling enterprises is well established and never reported. Casino Jack Abramoff was targeted to be taken out of competition, not for what is really happening.
Yes, but...
The ocean is no protection because Davos infects many of our elites. The beat down must be convincing to change their tune. Even then, they still might need deporting to Liberia.
Wall Street wants the same financial domination as Davos. They just aren't ideologues; they know that ESG is the road to ruin.
Trump trying to save the American dream was anathema to them. NO DREAM FOR YOU!!
For a while they were pulling in the same direction; maybe they even thought they were allies. Wouldn't be the first time. Washington and Jefferson thought they were allies unveil it came time to govern the new nation.
Not a chance of that. These psychopaths will double down.