DIMON: “.. It is going to happen. And I tell this to my regulators, some of you who are in this room, I’m telling you it’s going to happen, and you’re going to panic. .. I’M not gonna panic. We’ll be fine.”
@barrons.com $JPM
https://www.barrons.com/articles/jpmorgan-ceo-jamie-dimon-bond-market-bitcoin-c7c620cc
@barrons.com $JPM
https://www.barrons.com/articles/jpmorgan-ceo-jamie-dimon-bond-market-bitcoin-c7c620cc
Comments
Trump is like a chef complaining that the oven keeps burning his cookies
*Chairman and CEO of JPMorgan Chase, one of the largest banks in the U.S. He has a net worth of $2.8 billion and
I am serious.
If they cause a recession and you are about to lose your house or farm, burn it down before they can take it.
Then burn the golf courses.
Be so bad.
Noah: "Y'all should build a boat. Just sayin'."
They won’t crack to that degree because millions think the same.
What is the smart moves for all; especially ppl on the verge of retirement or in retirement.
https://www.reuters.com/markets/us/junk-rated-us-treasury-markets-care-about-that-mike-dolan-2025-05-20/
Also, these assholes are guessing , just like everyone else. If there’s one lesson we should take from the last 20 years, it’s the Wall Street “geniuses” are not…geniuses.
Financial crisis of 2008 happened under Bush, requiring BO to fix the mess Shrub’s deregulatory push created in the 1st place.
Holy crap!
Stay in treasuries mostly.
Not bonds or much stock
Inflation from tariffs and tax $$$ back
Means higher bond/mortgage/credit card interest
Unfortunately Pres Trump has lost credibility
and Dimon predicts BIG SPIKE IN BOND INTEREST RATE
https://www.reuters.com/markets/us/junk-rated-us-treasury-markets-care-about-that-mike-dolan-2025-05-20/
If the Senate doesn't remove this provision, it will def be time to #PANIC.
#EconSky
1) it's going to implode. Highly likely and interesting he should say it.
2) Don't panic! So, he's trying to preempt the panic by weirdly saying it will all be fine! Reminds me of the great Jim Cramer!
The holy dove, she will be caught again
Bought and sold, and bought again
The dove is never free
Ring the bells that still can ring
Forget your perfect offering
There is a crack, a crack in everything
That's how the light gets in.
Anthem - Leonard Cohen.
This is not 2023 where experienced professional people were running the government
its the rest of us that will not
Can't help but think of the Las Vegas restaurant scene from The Big Short.
Probably falling prices and spiking yields.
Right now, there are many signs that other countries are shying away from US bonds and into more stable governments. It can be a snowball effect and the dollar loses value.
Bond marketers are essentially viewed as "the adults in the room" on wall street.
Sorry for the length/repetitive stuff but hope that helps!
“We’ll be fine. We’ll probably make more money, and then some of my friends will tell me ‘We like crises because it’s good for JPMorgan Chase.’ Not really.”
Ruh roh.
100% of all religious apocalyptic prophecies have been 100% wrong.
History, even recent history, is a much more reliable predictive model.