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.
Dimon talking to Maria. Maria starts out talking that rate cuts are baked in for 2024. Dimon immediately pushes back:
KanekoaTheGreat @KanekoaTheGreat
Jamie Dimon is skeptical of expected rate cuts and a soft landing in 2024.
"2 trillion dollars of fiscal deficit. The infrastructure and IRA act. The green economy. The re-militarization of the world. The restructuring of trade. Are all inflationary. That looks a little more like the 1970s to me. People should be prepared that inflation comes down, bounces around 3, and maybe even bounces up a little bit."
12:15 PM · Jan 15, 2024
Endorsed Haley as the way forward? What a backward world we live in.