Dimon would say that he didn’t, but as Tom Luongo says: “This is the most consequential 2:45 you'll watch all week.”
Charlie Kirk @charliekirk11
Jamie Dimon just went on CNBC and said people are voting for Trump because he was right about the economy, immigration, and China:
"I don't like how Trump said things, but he wasn't wrong about those critical issues. That's why they're voting for him. People should be more respectful of our fellow citizens...I think this negative talk about MAGA will hurt Biden's campaign."
9:41 AM · Jan 17, 2024
The video at the tweet, which I can’t embed, looks like an edited, perhaps compiled, version—but this is close. He hammers away, in his trademark slippery way, at the Dem demonization of “fellow Americans.” You have to assume that this is something approximating the voice of Big Money, and that Big Money is scared of where the political establishment is leading the country.
In the full video Dimon slips and slides all over the place—supporting Ukraine (where he hopes to profit), decrying October 7 (but suggesting no solution), decrying war and the Red Sea blockade (again, no suggestions). Most interestingly, perhaps, he suggests that most people don’t understand what the Powell Fed’s quantitative tightening regime is all about. He speaks semi-eloquently on the danger of our debt load. All this I take to be a signal to the political establishment that we need to get our house in order and that they—the political establishment—have failed.
“Trump wasn’t wrong about these things.” That sounds a lot like saying that Trump is the best way forward—and he’s saying it to the other power brokers. Remember, not too many months ago he was saying that neither Zhou nor Donald were the way forward. I believe he endorsed Haley, or close to it. Things have changed.
So the latest buzz is that Trump is high on Elise Stefanik--who sounds like a nightmare.
Yeah, it sounds like he is throwing in the towel after Iowa and jumping on the Trump train. But Dimon can be all over the place however it suits his purposes and audiences at a given time. This is the same guy who less than a year ago was all fascist/totalitarian on climate change:
https://www.foxnews.com/media/jp-morgan-ceo-suggests-government-seize-private-property-quicken-climate-initiatives
Of additional interest, however, is that Goldman Sachs CEO David Solomon said Wednesday that while the market environment excluding geopolitical issues “feels better today” than a year ago, he was troubled by soaring U.S. debt levels. “I’m very concerned about the growing debt,” Solomon said. “It’s a big risk issue that we’re going to have to deal with and reckon with, it just might not happen in the next six months.”
https://www.cnbc.com/2024/01/17/jamie-dimon-warns-on-us-economy-in-2024-2025.html
THAT, together with Dimon's statements, is a clue that Wall Street forces want to reduce Fed spending/debt.
Does that translate into support for Trump? It must be remembered that Trump is not a fiscal conservative by definition or declaration. He believes in government spending and loose monetary policy as legitimate tools to stimulate the economy (and was irked at Powell for not going along with that):
https://www.cnbc.com/2019/09/18/trump-says-powell-and-the-fed-fail-again-have-no-guts-no-sense-no-vision.html
Maybe a reach out to Trump to test where he might be willing to go fiscally?