Did Jamie Dimon today say what he really thinks? And does this lend support to Tom Luongo’s theory of everything? "This Is A F**king War": Jamie Dimon Slams Biden Begging Saudis For Oil, Says Investors "Don't Give A Shit" About ESG Dimon is head not only of the largest US bank but also of the single most important bank in the world. So, when he speaks, people listen—especially because he says he’s sitting on
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.
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 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.
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.