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:
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.”
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):
Dimon (mother’s surname Kalos) is as Greek as Sarkozy and Boris Johnson.
He is fighting for the elites that suckle from the teet of the Fed Reserve.
Peter Turchin’s ‘elite overproduction’ would suggest the (nationalist) US banking elite are at loggerheads with the new (globalist)informational elite.
Even people who don't care for Trump know that times are bad. My hope is that they put aside their dislike of the man and apprise where this country is in terms of morality, the rule of law, economics, military strength, etc.
Unfortunately, a lot of people have grown soft on moral issues. The sliver lining is the Left always goes too far. The transgender issue is a good example. People who might not like it, but will tolerate men dressing up as women, have a different take when the Left comes for their children.
Is anyone naive enough to think that CEOs, boards of directors, union leaders, the Media, the Deep State and politicians care about the common man? What has Biden done for the border, East Palestine and Maui?
He only cares about Ukraine, Israel and the Biden Family. Same with almost all of the elites.
He is the wind. Ok, God controls the wind. But Dimon has more control over the US economy than about any other human. Financial winds blow where he (and other NY Fed members) send it.
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."
It has been Tom's dream for a couple of years that Dimon and the rest of the NY Fed will see their interests align with higher interest rates and a tighter dollar supply. The best part? Dimon gives the precise reasons why Tom wants it to happen.
So the latest buzz is that Trump is high on Elise Stefanik--who sounds like a nightmare.
https://redstate.com/bonchie/2024/01/17/trump-considering-a-vice-presidential-pick-that-could-be-very-controversial-n2168863
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?
Perhaps Dimon and the other Wall street bankers positioning (bracing) for another potential "bail out" as banks take a bath forecasted for the next 12-24 months in the Real Estate market due to foreclosures/defaults. https://www.foxbusiness.com/real-estate/us-real-estate-market-next-year-howard-lutnick
Dimon (mother’s surname Kalos) is as Greek as Sarkozy and Boris Johnson.
He is fighting for the elites that suckle from the teet of the Fed Reserve.
Peter Turchin’s ‘elite overproduction’ would suggest the (nationalist) US banking elite are at loggerheads with the new (globalist)informational elite.
I guess Dimon and Trump are the lesser evil.
Even people who don't care for Trump know that times are bad. My hope is that they put aside their dislike of the man and apprise where this country is in terms of morality, the rule of law, economics, military strength, etc.
Unfortunately, a lot of people have grown soft on moral issues. The sliver lining is the Left always goes too far. The transgender issue is a good example. People who might not like it, but will tolerate men dressing up as women, have a different take when the Left comes for their children.
Is anyone naive enough to think that CEOs, boards of directors, union leaders, the Media, the Deep State and politicians care about the common man? What has Biden done for the border, East Palestine and Maui?
He only cares about Ukraine, Israel and the Biden Family. Same with almost all of the elites.
Maybe he's just seeing which way the wind is blowing after Iowa.
He is the wind. Ok, God controls the wind. But Dimon has more control over the US economy than about any other human. Financial winds blow where he (and other NY Fed members) send it.
Endorsed Haley as the way forward? What a backward world we live in.
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
It has been Tom's dream for a couple of years that Dimon and the rest of the NY Fed will see their interests align with higher interest rates and a tighter dollar supply. The best part? Dimon gives the precise reasons why Tom wants it to happen.
The guy knows how to profit from reality. How the world is, not some consensus narrative.
Bingo
Either that or JD would prefer to avoid a 1789-like fate…
We’ll take it!
Well said.
They didn't do anything to create what they rule. They came to the top through nepotism, corruption, etc.
In other words, late elites are the worst elites. They incompetent at anything except grabbing for power.
Brilliantly stated!