Why JPMorgan CEO Jamie Dimon Is Skeptical of an Economic Soft Landing | WSJ

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The Wall Street Journal

The Wall Street Journal

День тому

JPMorgan Chase CEO Jamie Dimon says the U.S. consumer is in good shape right now, but a huge fiscal deficit and geopolitical challenges like the Israel-Hamas War and Russia-Ukraine War make him cautious about the future.
In an interview with WSJ editor in chief Emma Tucker, Dimon discusses the state of the U.S. economy, his leadership style and more.
Chapters:
0:00 U.S. consumer
2:32 U.S economy
4:31 Israel-Hamas War
5:31 Russia-Ukraine War
6:42 China
7:45 U.S. politics
8:24 Impact of near-death experience
9:13 Leadership
10:52 Quick questions
Watch the full, wide-ranging interview with JPMorgan Chase CEO Jamie Dimon here: on.wsj.com/3UBAWSI
#Banks #Economy #WSJ

КОМЕНТАРІ: 957
@wsj
@wsj 11 днів тому
Watch the full, wide-ranging interview with JPMorgan Chase CEO Jamie Dimon here: on.wsj.com/4aWntus
@Teekles
@Teekles 11 днів тому
The interviewer is just stroking his ego in a puff piece. What ever happened to critical, tough, insightful journalism? How does Diemon square his position on the Basel III endgame which will make banks safer for the public (likely reducing the chances of giant bailouts which cause inflation) with his purported worries about inflation? How can he say he cares about the American public while shying away from real opportunities to serve the people and not a private bank?
@carkawalakhatulistiwa
@carkawalakhatulistiwa 10 днів тому
Economy grow but only in top 20%.
@carkawalakhatulistiwa
@carkawalakhatulistiwa 10 днів тому
The interviewer seems to have a big ego. She should stay at home and look after the children
@ckchan3540
@ckchan3540 9 днів тому
😅
@Jaymilnere
@Jaymilnere День тому
Please stop with the clickbait titles. I used to love the unbiased videos on whats really going on in the market. Crash market fatigue is showing with most folks. Most are so tired of hearing about the worse even though its true. My $200,000 share holdings are down 17%
@Higuannn
@Higuannn День тому
Yes, and unlike you, a good number of folks are raking in huge gains even in this downtrend, but such strategies are mostly successfully done by experts.
@hullbruce
@hullbruce День тому
@@Higuannn I do agree, Investing has gotten difficult especially after pandemic, hence why I decided to use the expertise of an advisor, my spouse kicked against the idea initially, but oh well guess who's best buddies with our advisor now hehehe.
@Jaymilnere
@Jaymilnere День тому
@@hullbruce Hello thanks for replying, I'm curious to give this a try. Please who is your advisor and how do I get in touch?
@hullbruce
@hullbruce День тому
@@Jaymilnere Sure, only one person comes to mind, the popular lady Alicia Estela Cabouli. You'd find her basic info. on the web to set up appointment as she offers free consultations.
@Jaymilnere
@Jaymilnere День тому
Thanks for sharing, I just looked her up on the web and I would say she really has an impressive background in investing. I will write her an e-mail shortly.
@Thomasbonner752
@Thomasbonner752 3 години тому
I’ve been saving for a long time instead of investing, and right now I only have about $516k. I'm not sure how to make it grow into something substantial that I might use for retirement. I just here for ideas
@BenjaminMcLeod815
@BenjaminMcLeod815 3 години тому
At a point like this, its best recommended you seek the services of an advisor, as this allows you make smarter investing decisions.
@kurttSchuster
@kurttSchuster 3 години тому
Opting for an inves-tment advisr is currently the optimal approach for navigating the stock market, particularly for those nearing retirement. I've been consulting with a coach for a while, and my portfolio has surged by 85% since 2022
@Thomasbonner752
@Thomasbonner752 3 години тому
Who is the coach that provides guidance for you? I urgently require assistance; my stock portfolio is stagnating, and I need investment advice for retirement.
@kurttSchuster
@kurttSchuster 3 години тому
Amber Kay Wright is the licensed advisor I use. Just search the name. You’d find necessary details to work with to set up an appoint-ment.
@Thomasbonner752
@Thomasbonner752 3 години тому
Thank you for the lead. I searched her up, and I have sent her an email. I hope she gets back to me soon.
@sekutard5157
@sekutard5157 11 днів тому
“the consumer is in pretty good shape right now” i dont feel in pretty good shape
@wheressteve
@wheressteve 11 днів тому
He's in really good shape right now so everyone else must be doing just fine too !
@CK-ur2ev
@CK-ur2ev 11 днів тому
you are "a" consumer, not "the" consumer
@AndrewTran-bleh
@AndrewTran-bleh 11 днів тому
You don't "feel" good but you still have to spend more, even go into debt for that spending. That's his definition of "good"
@hughlevantjames905
@hughlevantjames905 11 днів тому
like he has said, some are in good, some are in bad.
@antihypocrisy8978
@antihypocrisy8978 11 днів тому
He hangs with elites, not common folk
@lao-ce8982
@lao-ce8982 11 днів тому
I love when millionaires tell how the working class population feel itself.
@neo5973
@neo5973 11 днів тому
Legendary comment.
@hellzshotgun
@hellzshotgun 11 днів тому
​@@neo5973Legendary response
@skatersgowild
@skatersgowild 11 днів тому
Correction billionaire
@KD-dl5gv
@KD-dl5gv 11 днів тому
What part are u reffering to
@SGRyuma
@SGRyuma 11 днів тому
He bases his argument on the numbers thats the fundamental of his job. It’s not about the rich or poor gap.
@festusmadidi2634
@festusmadidi2634 10 днів тому
I'm 54 and my wife and I are VERY worried about our future, gas and food prices rising daily. We have had our savings dwindle with the cost of living into the stratosphere, and we are finding it impossible to replace them. We can get by, but can't seem to get ahead. My condolences to anyone retiring in this crisis, 30 years nonstop just for a crooked system to take all you worked for.
@festusmadidi2634
@festusmadidi2634 10 днів тому
@@Abelone-Alvilda That's actually quite impressive, I could use some Info on your FA, I am looking to make a change on my finances this year as well
@Abelone-Alvilda
@Abelone-Alvilda 10 днів тому
@@festusmadidi2634 My advisor is Victoria Carmen Santaella;
@Abelone-Alvilda
@Abelone-Alvilda 10 днів тому
You can look her up online
@Abelone-Alvilda
@Abelone-Alvilda 10 днів тому
Nah I Can't say I can relate, Victoria Carmen Santaella charge is one-off and pretty reasonable when compared to what I benefit in returns.
@festusmadidi2634
@festusmadidi2634 10 днів тому
@@Abelone-Alvilda I will give this a look, thanks a bunch for sharing.
@teddmented
@teddmented 11 днів тому
Tell Jamie I can’t login to my Chase account
@hilarydahl3722
@hilarydahl3722 День тому
Probably because he’s getting ready to rob you as well. Then play dumb. That’s how it starts. Get your money out of that bank before it’s gone. Numerous people are being robbed by these POS.
@LivingWithGout
@LivingWithGout 11 днів тому
J.P Morgan stood up in his grave and applauded.
@rn8605
@rn8605 10 днів тому
@LoveForBluebirds
@LoveForBluebirds 10 днів тому
LOL
@Karuska22ps
@Karuska22ps 10 днів тому
​@@rn8605 what type of ugly a emoji
@sudoprophet
@sudoprophet 10 днів тому
@@Karuska22ps welcome to the world of an android user
@ElfProduct
@ElfProduct 9 днів тому
@@sudoprophetlmao
@XxXNinjaFanXxX
@XxXNinjaFanXxX 10 днів тому
the consumer is in pretty good shape as I spend 300 dollars for 2 bags of groceries
@hamzamahmood9565
@hamzamahmood9565 9 днів тому
$300 for 2 bags? How big were they? Do you eat gold for breakfast?
@XxXNinjaFanXxX
@XxXNinjaFanXxX 9 днів тому
@@hamzamahmood9565 2 paper bags, literally nothing fancy except for the butcher shop meats.
@eddiemalvin
@eddiemalvin 8 днів тому
Ouch... Where do you live? Monaco? I just spent $175 at Costco and will feed my family of 6 for a week with chicken, ground beef, fish, fruits and vegetables.
@user-ow1bn6qv8q
@user-ow1bn6qv8q 8 днів тому
There's no way you spent 300 dollars for two bags of groceries unless you filled them with steaks. I don't spend more than 100 dollars on groceries per week (for 2 people). Try eating like a normal healthy person. Vegetables, chicken, salmon, rice, grains, etc. Buy meats in bulk and freeze most of it. You obviously aren't too bright.
@PierreEmmanuelSoufflet
@PierreEmmanuelSoufflet 7 днів тому
😂😊
@christiand.7404
@christiand.7404 10 днів тому
Jamie Dimon said year and a half ago that consumers will run out of money. Never expect them to tell you the truth ,they will only tell you what they want you to hear.
@brandon_youtube
@brandon_youtube 10 днів тому
💯
@saiki1989
@saiki1989 10 днів тому
People have run out of money. Savings accounts are at the lowest. Highest credit card debt levels. What am I missing?
@christiand.7404
@christiand.7404 10 днів тому
@@saiki1989 You are missing some propaganda brainwashing from the mainstream media :)
@aidancollins1591
@aidancollins1591 10 днів тому
It was a reasonable thing to believe at the time, but incorrect in hindsight, conspiratorial nonsense aside.
@eddieyang7970
@eddieyang7970 10 днів тому
He runs a bank, he does not run the economy
@zorgee
@zorgee 11 днів тому
as usual a suck up interview with no hard questions.
@AntonioMac3301
@AntonioMac3301 10 днів тому
what do you mean? the questions are very hard to answer "Do you think that the US position towards the Israel-Hamas war is the right one?" This question is impossible to answer. It is a problem with no solution. Not only is it inconceivable to come up with a possible solution to this question, it is undoubtable impossible and intractable to even evaluate if such solution is the optimal one. There are too many constraints and optimization variables in the geopolitics. If it wasn't hard, we would've had a solution "How should the US approach China" - you are telling me that this question is not hard? that's insane. Like the earlier question about the Middle East, this question is essentially mathematically intractable. You can try to simplify parts of this system with heuristics and try to model out the best solution, but this system is too complex and so difficult to analyze, how could even quantify a good answer is beyond me. The observations we receive and the control we as Americans have do not make this easy, and I don't blame Jamie Dimon for his answer
@bleacherz7503
@bleacherz7503 7 днів тому
Despicable -
@bleacherz7503
@bleacherz7503 7 днів тому
@@AntonioMac3301they are easy questions bc they are not answerable - ask a real question - what was your take on the Fed trading ahead of announcements ? How often do you sorely to the treasury secretary? How early into Covid did you know that the country would spend 7 trillion dollars ? How did Chase alter its investments in 2020 -2021. Which trader received the highest bonus this past year?
@plica06
@plica06 2 дні тому
No follow up questions or challenging him on his answers.
@zenastronomy
@zenastronomy 11 днів тому
"the consumer is in pretty good shape, they can't afford bread, but they can eat cake instead, they have options". - Jamie Diman billionaire
@peterstaykov9670
@peterstaykov9670 11 днів тому
Nailed it!
@LoveForBluebirds
@LoveForBluebirds 10 днів тому
He only really made the point that the bottom 20% has done pretty badly for 2 decades. This is probably more like the bottom 50% have done pretty badly, the middle-top 25% are hanging in there and the top 24%, minus the top 1%, are still doing fine, and the top 1% are absolutely killing it and stealing everyone else's money.
@LaSombraa
@LaSombraa 10 днів тому
@@LoveForBluebirdsSo as usual, 75% of Americans are struggling and the remaining 24% and 1% are doing amazing. Middle class surely doesn’t exist that much anymore, huh.
@theonlycaulfield
@theonlycaulfield 8 днів тому
Consumer is in good shape doesnt mean that people are in good financial shape, but that the general consumer is still spending. I cant believe how many people here, probably 3/4 in the comment, seem to be illiterate.
@zenastronomy
@zenastronomy 7 днів тому
@@theonlycaulfield another cake eater. they always say the same before each disaster.
@RickWatson-xu6gw
@RickWatson-xu6gw 8 днів тому
With this, what's the optimal strategy to capitalize on the stock market? I'm contemplating diversifying my $400k stock portfolio to maximize returns while minimizing risk.
@benitabussell5053
@benitabussell5053 8 днів тому
There are strategies that could be put in place for solid gains regardless of economy situation, but such execution is usually carried out by an investment specialist
@A_francis
@A_francis 8 днів тому
Accurate asset allocation is crucial, and some individuals use hedging strategies or allocate part of their portfOlio to defensive assets for market downturns. Expert guidance is vital for achieving this. This approach has helped me stay finan-cially secure for over five years, yielding nearly $1 million in returns on invest-ments.
@RickWatson-xu6gw
@RickWatson-xu6gw 8 днів тому
Please can you leave the info of your lnvestment advsor here? I’m in dire need for one
@A_francis
@A_francis 8 днів тому
*Sharon Lynne Hart* is the licensed advisor I use. Just search the name. You’d find necessary details to work with to set up an appointment.
@Jwdude123
@Jwdude123 7 днів тому
Vote for Trump
@Vin-pd7mh
@Vin-pd7mh 11 днів тому
Everyone was a genius at zero % FED FUNDS RATE 😈😈
@carlosrivas5386
@carlosrivas5386 10 днів тому
Especially of you move the rates as per your needs, as FED is a private institution
@JEEDUHCHRI
@JEEDUHCHRI 10 днів тому
When you control the game board, the rules, the playing field and you tell the players how they’re doing.
@sergiomendozamedrano8994
@sergiomendozamedrano8994 9 днів тому
The problem is that consumers out in the job market DO have options, but wages have stagnated. In simple words: jobs have increased, but not wages. It is very misleading. Their purchasing power isn’t the same as before. This is rubbish
@robertboone8607
@robertboone8607 6 днів тому
This comment is spot on it's called stagflation. We are becoming wage slaves with no solutions, when basic needs are priced skyhigh it leaves little money left over for other endeavors. Being just a millionaire is now considered middle class .
@jdiaz9190
@jdiaz9190 5 днів тому
This same guy said bitcoin was a scam, and he buys millions worth of it. How can anyone trust what he says.
@AmadeusDR
@AmadeusDR 10 днів тому
Although I disagree with 50-60% of what's said in this interview I can always respect his desire to view things as objectively as possible before viewing it subjectively. A bright and calculated man who seems self-reflective. I could fault the dissolution displayed in certain statements but it's understandable from the communities he interacts with.
@MehulPatelLXC
@MehulPatelLXC 8 днів тому
Couldn’t have said it better. Great objective take.
@diabetes1.564
@diabetes1.564 11 днів тому
He knows a lot but people are not good. They are hungry and at each others’ throat on the low level
@vishnu311990
@vishnu311990 9 днів тому
*END OF ROME* By the end of the third century, Rome had clearly reached a crisis. The state could no longer obtain sufficient resources even through compulsion and was forced to rely ever more heavily on debasement of the currency to raise revenue In the end, there was no money left to pay the army, build forts or ships, or protect the frontier. The barbarian invasions, which were the final blow to the Roman state in the fifth century, were simply the culmination of three centuries of deterioration in the fiscal capacity of the state to defend itself. Indeed, many Romans welcomed the barbarians as saviors from the onerous tax burden *Does this sound like we are here now ?* *Taxes - Inflation - Fiscal Deficit*
@positivemanjb
@positivemanjb 7 днів тому
What about the other economies? Which US enemy as at now is not in a debt crisis? And which economy is not printing too? Or struggling with inflation?
@eshraqsalahuddin115
@eshraqsalahuddin115 9 днів тому
A country only do well when not only the top 20 % do well, but bottom 20% as well. If the bottom 20% working class people is struggling to buy groceries, can’t buy home, drowning with debt just to get by then no matter what they say, doesn’t matter.
@hakikitosunpasabenim3088
@hakikitosunpasabenim3088 6 днів тому
20% of the US population makes 70 million people. If people lose their hope to get afloat, you’d better get ready for some nasty things to emerge.
@joonhwi86
@joonhwi86 11 днів тому
Sounds like he’s running for president
@user-fb8bo3ys2f
@user-fb8bo3ys2f 11 днів тому
I’d vote for him over the other two losers….
@ghosthdel3098
@ghosthdel3098 11 днів тому
@@user-fb8bo3ys2f My dad works as an assistant director in one of he top 4 banks. He said last last week one of the guys from the feds came over and had 2 hours meeting with all the CEOs and some of the directors. His bboss told him that they (the feds) will not plan to cut the rate until fall. This is what he told us over dinner but who knows.
@AmadeusDR
@AmadeusDR 10 днів тому
Was telling my Dad the same thing the other day kind of crazy to see someone else say the same thing. Edit: A lot of his interviews seem to be more involved in geopolitical and societal factors rather than economic issues. Seems as if he's prepping campaign points for sure.
@kennethkho7165
@kennethkho7165 10 днів тому
I'd elect a billionaire banker over a billionaire fraudster any day
@MrMountain707
@MrMountain707 10 днів тому
a banker? lol
@davebrewer7170
@davebrewer7170 10 днів тому
Wow, she had the most powerful banker in the world and she couldn’t find a single challenging question. Her future as a serious journalist is in doubt
@theonlycaulfield
@theonlycaulfield 8 днів тому
What are you talking about? She asked a wide variety of questions.
@plica06
@plica06 2 дні тому
And didn't challenge him on anything he said. He could have told her jokes back and she would have accepted that.
@theonlycaulfield
@theonlycaulfield 2 дні тому
@@plica06 Why would she challenge him on anything? What do you even mean? Dimon is there voluntarily. He doesn't have to be. This isn't a police interrogation.
@kentucky4494
@kentucky4494 10 днів тому
*YT Quick Survey:* For your shared investing ideas, what do you think will be the next Apple/Microsoft in terms of growth?
@bertjames436
@bertjames436 10 днів тому
None!!!! considering the present unpredictable market volatility there are over a thousand reasons why the market is a no go especially now.
@michealweebles6258
@michealweebles6258 10 днів тому
Not true at all... Although the market isn't so stable at the moment, it isn't as sick as some people have made it look... In all honesty, as a beginner who knows next to nothing, I have made over $12k net-profit just in a couple of months... I'm a retiree, and I am using these extra resources to help pay for odds and ends that I want.
@michealweebles6258
@michealweebles6258 10 днів тому
NO I have never used a spreadsheet.. It's of no relevance to me... For my top holdings, I follow Kelly Marie Matwick's trading positions automatically... Look her up, she's good.
@goldeagle8051
@goldeagle8051 9 днів тому
Bitcoin of course... Technology + adoption curve.
@teekay_1
@teekay_1 7 днів тому
@@michealweebles6258 *Kelly Marie Matwick* was just sent to jail for cheating investors.
@jonesfrederick1228
@jonesfrederick1228 9 днів тому
The introduction of a Bitcoin ETF marks a groundbreaking moment in the cryptocurrency world, merging digital currencies with traditional investment methods. This innovation could stabilize Bitcoin prices and broaden its appeal to a wider range of investors, potentially increasing demand and value. At the heart of this evolution is Sarah Jennie Davis, whose deep understanding of both cryptocurrency and traditional trading has been instrumental. Her holistic approach to investment and commitment to staying abreast of market trends make her an invaluable ally in navigating this new era in cryptocurrency investment
@amaeryamidus
@amaeryamidus 9 днів тому
The wisest thought that is in everyone's minds today is to invest in different income flows that do not depend on the government, especially with the current economic crisis around the world. This is still a good time to invest in gold, silver and digital currencies (BTC, ETH... Stock)
@udeikechukwu2348
@udeikechukwu2348 9 днів тому
How please I'm pretty new and feel I have much to learn, I would appreciate if you show me how to go about it?
@jonesfrederick1228
@jonesfrederick1228 9 днів тому
She is really a good investment advisor. I was privileged to attend some of her seminars. That is how I started my crypto investment
@terry5468
@terry5468 9 днів тому
I have heard about her excellent trading expertise in CNBC news, guess she's more popular in United States
@valleygray
@valleygray 9 днів тому
I realized that the secret to making a million is making better investment.
@AndrewQuiroz24
@AndrewQuiroz24 10 днів тому
When you keep printing and printing and printing, I just don't understand how you can stop inflation.
@tylertheobald6407
@tylertheobald6407 8 днів тому
You don’t, its called Bidenomics
@cle_roknn3742
@cle_roknn3742 8 днів тому
The low interest rates began well before Biden and government spending has been out if control for years. Blaming one politician for the problem is shortsighted.
@fernandoboero1852
@fernandoboero1852 11 днів тому
WOW, he stole my quote. I keep telling every young person that it feels like 1973! back when I was 15 & scared about the future..
@thedude5040
@thedude5040 10 днів тому
Na, we are far from 1973. The millennial generation has lived through multiple proposed end of the worlds, and recessions.
@sirclark4405
@sirclark4405 10 днів тому
Only difference is now a homestead will set you back a cool quarter of a million dollars.
@ryen49
@ryen49 10 днів тому
@@sirclark4405wagers were. Much lower than do the inflation math
@inquisitive8903
@inquisitive8903 6 днів тому
​@@sirclark4405 what's a homestead...growing your own food..??
@incyphe
@incyphe 11 днів тому
In the history of business cycle, a soft landing only occurred once 30 years ago. So he is right to be skeptical.
@jonathanmack6285
@jonathanmack6285 11 днів тому
Everytime the probably of a recession lessens like it has according to the media the last few months, history tells us the opposite is true. That it usually happens when people aren’t aware of it.
@Paper.Power.Politics
@Paper.Power.Politics 10 днів тому
Yeah thats true, but that was caused by many other facrors. Not because of something like covid. Its like shaking a can of soda, covid is what shook the soda can and now the bubbles are fizzling down. Like jamie said the real problem is fiscal spending and america will be the next argentina/Venezuela if things dont change. But chase is part of the problem making capitalism a monopoly. We dont have a free market , we have a monopolized market thx to banks like chase. Socioeconomics!!!!
@BanterBureau
@BanterBureau 10 днів тому
What would a hard landing look like?
@curiousobserver123
@curiousobserver123 9 днів тому
recession bro@@BanterBureau
@TheAkan99
@TheAkan99 11 днів тому
Is this an ad?
@mikewhit
@mikewhit 10 днів тому
for the corrupt and criminal regime
@hakikitosunpasabenim3088
@hakikitosunpasabenim3088 6 днів тому
Looks like they’re prepping him for presidency.
@melvinmabaquiao3159
@melvinmabaquiao3159 10 днів тому
are we still trying to land?
@kansasmile
@kansasmile 14 годин тому
Don't fret, the debt ceiling always goes up. I wonder if 2008 crisis survivors had it easier. this could lead to economic downturns. We need to be prepared for potential market volatility. how can I secure my 250k portfolio against declining?
@Curbalnk
@Curbalnk 14 годин тому
Everyone needs a Margin of Safety in their portfolios and just remember, It's time in the market versus timing the market.
@greekbarrios
@greekbarrios 13 годин тому
The economy and stocks are two different things these days
@blaquopaque
@blaquopaque 13 годин тому
De-risk your portfolios, shore up your core holdings, and take some profits while balancing your portfolio allocations. I’d also suggest you go with a managed portfolio, but even those don’t perform so well, so it’s best you reach out to a proper fiduciary to guide you, that’s what works for my spouse and I. We've made over 80% capital growth minus dividends.
@Lewyn298
@Lewyn298 13 годин тому
I'm intrigued by this. I've searched for financial advisors online but it's kind of hard to get in touch with one. Okay if I ask you for a recommendation?
@blaquopaque
@blaquopaque 13 годин тому
*Jennifer Leigh Hickman* has always been on the top of my list..She is regarded as a genius in her area and well knowledgeable about financial markets. I highly recommend you look her up if you want excellent collaboration.
@casnimot
@casnimot 10 днів тому
I'm a retiree, and I see that my pension doesn't change much. Prices change a lot, and for the worse. Burger-flippers are making $20/hr now, so no more fast food for me. My bills are closing in on double what they were 7 years ago, when I retired. My property taxes are going up because of all the little add-ons, which could eventually force me to sell. Eggs cost 5 times (!) what they did when I retired. I've cut soda, frozen foods of any kinds, juices, beverages, etc. Everyone seems to be getting more money, consideration and attention, except for people like me.
@mikewhit
@mikewhit 10 днів тому
No one is getting more of anything except the frauds like in this video
@kp-iy7lc
@kp-iy7lc 10 днів тому
People make more money because money loose value very fast. If bidon keeps printing like he did until now, prices will double again.
@JEEDUHCHRI
@JEEDUHCHRI 10 днів тому
Does your pension adjust with inflation?
@pauls3075
@pauls3075 10 днів тому
Get a job as a Burger flipper, you get $20 / hr and free burgers! win win.
@casnimot
@casnimot 10 днів тому
@@JEEDUHCHRI As I say, my pension does not change much, but it does change, i.e., there is a COLA. It's just not keeping up with inflation, and that's part of the point.
@Xicheng17
@Xicheng17 11 днів тому
Either soft or hard landings have possibilities, just be prepared for both.
@willteasel6099
@willteasel6099 9 днів тому
I would argue with Jamie Dimon’s opinion about Americans financial health as surging taxes along with insurance costs are crippling most Americans and then we have basic inflation of goods & services that are adding to the pain. When Americans don’t have the finances for basic needs it’s not likely they will have discretionary funds to keep the economy rolling.
@porroapp
@porroapp 11 днів тому
Why this disconnect?
@nate_8403
@nate_8403 10 днів тому
Dimon: I took so much money, there's no way you're getting out of this!
@IzoMav
@IzoMav 10 днів тому
When he mentioned that he reads "The Exchange" what's he referring to?
@Ouphfta
@Ouphfta 11 днів тому
5 days in the office = old thinking
@hitchensfollower6966
@hitchensfollower6966 11 днів тому
Mr. Dimon will be the 1st in the line looking for government handouts when banks get caught making bad decisions. We place too much emphasis on what bankers say.
@kazuhirala
@kazuhirala 4 дні тому
Never to this day would i have though to hear someone speak as if they were those unaffected by the Great Depression in the 1930s. This man is just that.
@Angel.Diez.Ovelar
@Angel.Diez.Ovelar 11 днів тому
Nice World hes living it.......
@LaSombraa
@LaSombraa 10 днів тому
Lol he eats the best meals every day and flies on private jets and gets chauffeured in a rolls Royce wherever he needs to go. Of course he’s living an amazing life. But regardless, dude’s old and won’t be alive for much longer. All these parasitic boomers will be kicking the bucket in the next 10-15 years.
@Kevin-oc2jb
@Kevin-oc2jb 10 днів тому
I think a lot more than the bottom 20% aren't doing well. People are working more hours and the open jobs aren't well paying.
@QuantumEX
@QuantumEX 11 днів тому
The difference between Dimon and Elon, is that Dimon is a smart charlatan.
@jasonlammers8022
@jasonlammers8022 10 днів тому
To be fair he is an expert on crashing an economy thru personal greed as his company was one of the major catalyst to the GFC crash. Somehow they got richer and didn't go to jail.
@ElMismisimoManu2
@ElMismisimoManu2 11 днів тому
Western oligarchs' opinions are always so transparent.
@gasan6599
@gasan6599 10 днів тому
"Free democratic western world". He forgot to put on a clown paint.
@Starship007
@Starship007 10 днів тому
Yes, the government spending money from thin air is supporting or buoying the present economy but the piper must be paid
@frostmelody
@frostmelody 8 днів тому
Where you get full interview for free?
@Czechbound
@Czechbound 9 днів тому
18 years ... relatively young when he started, and was a bank ceo before his current job. That's a global exec right there
@Timurlane64
@Timurlane64 10 днів тому
So many ignoring his main point about the economy, Massive fiscal spending and QE hangover. I cannot believe how so many ignore this deficit spending and its effect on inflation. The public has become so conditioned to look for the Fed to play the cavalry and forget how limited they are when you have deficit spending like this. At least Jamie Dimon ‘hints’ at the real problem.
@kirkdogg007
@kirkdogg007 10 днів тому
If you were sitting on over1 trillion in commercial debt this is how you would sound.
@killap3nguin
@killap3nguin 9 днів тому
When he says consumer is in good shape they aren’t. The personal savings rate is the lowest number ever. 3%.
@theonlycaulfield
@theonlycaulfield 8 днів тому
Consumer being in good shape means that peoples' spending levels are still high, not that their savings are high. People are spending morevon credit currently.
@Starship007
@Starship007 10 днів тому
In the past consumers used cheap credit to subsidize their income to continue lifestyles above their means. Now expensive credit to subsidize their income. Inflation makes it difficult to keep up with cost of living. Many do not want to cut back or change lifestyle are raiding their retirement accounts early or taking our home equity loans.
@Stephen-we6do
@Stephen-we6do 11 днів тому
It's hilarious that he says he finds war horrible but then literally says the US state talking points.
@satoriasimov9169
@satoriasimov9169 10 днів тому
And yet our purchasing power has diminished severly
@Mando_Trucker
@Mando_Trucker 10 днів тому
When he said the consumer is in pretty good shape, I wouldn't take his insight on the real world.
@encompassvideo5429
@encompassvideo5429 4 дні тому
He is correct on the issue of deficits. If you keep marketing this debt, you have to attract buyers. You must pay attractive interest to keep debt buyers happy.
@seancormier5961
@seancormier5961 11 днів тому
Who’s gonna carry the boats?Hard landing. Stay hard.
@joemq
@joemq 9 днів тому
In the English Channel?
@sheepman6291
@sheepman6291 11 днів тому
LOL "Who keeps you in Check." Jamie "Well. . . My wife."
@hakikitosunpasabenim3088
@hakikitosunpasabenim3088 6 днів тому
The guy runs the world economy and thinks people are doing fine
@prettygirl7200
@prettygirl7200 6 днів тому
Wow. It goes to show how disconnected these 1% ers are with how much consumers are struggling, middle class is being wiped out, massive debt, etc. Unbelievable.
@SofiaCMartinez
@SofiaCMartinez 8 днів тому
I already looked for your videos to update them! Our government has no idea how people are suffering economically these days in the world. Thank you Ms. Melanie Rose Caparro, imagine investing $6,000 and receiving $14,000 every 8 days. It is important that everyone prioritizes investment
@DiegoGabriela
@DiegoGabriela 8 днів тому
I Thank God for Bringing Mrs Melanie Rose Caparro brokage service into my life, I'm happy for God's grace have found me ..Amen❤️❤️❤️
@ericanderson3534
@ericanderson3534 10 днів тому
I respect Dimon and while the comments make me think listening will be a waste of my time, Ill give it a try.
@aviralgupta393
@aviralgupta393 10 днів тому
so what do you say now?
@redblacktichy7713
@redblacktichy7713 9 днів тому
​@@aviralgupta393 He said nothing..
@xcel5203
@xcel5203 10 днів тому
Ask the scoundrel how many times his bank has been found guilty and fined .
@workhobbyist8471
@workhobbyist8471 9 днів тому
Love how the editor-in-chief ask questions.
@theshimario253
@theshimario253 11 днів тому
The consumer is not in good shape. Prices/rent is far too high Sure the economy is good, but the average person is not doing economically well.
@Simonpt2000
@Simonpt2000 10 днів тому
Dimon is a good man unlike those guys at Blackrock
@dodgingbirds
@dodgingbirds 8 днів тому
I love his non-answer when she asked about whether “Bidenomics” is working for regular people.
@ebutuoyYT
@ebutuoyYT 11 днів тому
Why would the common man or woman in the USA or Western Europe fight in WW3? The great sacrifices, paid in blood and fear of WW1 & WW2 have resulted in a state of financial dictatorship, that has the seen a few super rich, hoard vast wealth, while throwing a few loaves to the middle classes and just a few crumbs to working classes.
@cwaddle
@cwaddle 7 днів тому
I like this guy. He speaks in a super layman fashion for someone in his position and not afraid to speak pretty bluntly
@McMcMike11
@McMcMike11 11 днів тому
He is definitely running. Make America JP Morgan
@victoriacooper6892
@victoriacooper6892 10 днів тому
not happening
@HECTORAND11
@HECTORAND11 7 днів тому
It tells you a lot about the problem with corporate America and politicians that in just the very first question Jamie deflects to mention geopolitics instead of recognizing the very real and immediate economic troubles tormenting Americans
@hossflat5757
@hossflat5757 9 днів тому
That was one of the best interviews I ever seen, probably edited but good job
@grovve8960
@grovve8960 10 днів тому
In other words low income folks can afford food with their EBT,middle income folks can get their Amazon goods within a day and the 1% are raking in billions of dollars!
@anoriolkoyt
@anoriolkoyt 11 днів тому
The very fact that the head of the most important global systematic bank is openly discussing geo politics is worrying. Either things are getting really bad, or the powers at be have decided the near future and his position will become increasingly the norm as the world adapts to that future.
@jordank249
@jordank249 10 днів тому
He has always been outspoken, this isn't new.
@RagingGeekazoid
@RagingGeekazoid 10 днів тому
the powers THAT be
@mr.mcclain9917
@mr.mcclain9917 7 днів тому
“The consumer is in good shape” meanwhile the middle class is trying to escape a burning building!
@mybinis6664
@mybinis6664 7 днів тому
"sorry i didnt have time to write a shorter email" is the best thing I heard from Dimon
@immortal4942
@immortal4942 11 днів тому
the american and canadians are in for a rude awakening if they think things will be rosy for the next 10 years as it has been for the last.
@Teekles
@Teekles 11 днів тому
I'd bet my breakfast Jamie doesn't wake up at 4:30 routinely (would be happy to take him out for breakfast even though I largely don't agree with his outlook). His face says 6:30 am, skimming papers not entire sections, and likely more Pilates than finance. Also, you can't really have it both ways: On the whole, you care about the American public and are excited to serve in the cabinet or you run a private big bank and it's selfish interests come first. Can't say you care about the public and be too afraid to get into politics because of what the public says. Also, the 'I'm not a politician' is the ultimate farcical political answer. Inflation is a real issue and we agree there, but Diemon criticizes the Basel III endgame which will make banks safer and reduce the chances of giant bailout spending packages which increase inflation. His actions and words don't exactly align in my book.
@adityag485
@adityag485 11 днів тому
He wakes up between 4:30-5:30
@adityag485
@adityag485 11 днів тому
The problem with Basel 3 is quite simple even though it increases the capital banks have to hold and it makes them safer, it reduces the amount of money banks can loan out so it makes it more expensive and harder to loan it out to smaller and medium-sized businesses thereby eliminating a lot of them
@jacobbwalters8133
@jacobbwalters8133 11 днів тому
I don’t think he said that he would be willing to be a cabinet secretary, he said that he would be willing to assist either president. That could be construed to mean a cabinet position, as he didn’t specifically rule out Commerce (an obvious position for someone of his background) the way he did Treasury or Fed Chair, but it more likely means he would be willing to serve as an economic advisor or on a council of economic advisors as we have seen many CEOs do in the past. Those wouldn’t be cabinet level positions and would allow him to continue to still serve in his role at JP Morgan while also serving the country in an advisory position- similar to the way CEOs often serve on other corporations corporate boards.
@samnater
@samnater 9 днів тому
Good thing I already bought calls. Thanks Jamie.
@matster777
@matster777 9 днів тому
I don't know what jobs market he means most of the jobs are low paid the high paid are scarce and most companies are making big redundancies
@LuccaWeber1
@LuccaWeber1 4 дні тому
In light of the ongoing global economic crisis, it is crucial for everyone to prioritize investing in diverse sources of income that are not reliant on the government. This includes exploring opportunities in stocks, gold, silver, and digital currencies. Despite the challenging economic situation, it remains a favorable time to consider these investments.
@noah-greene
@noah-greene 4 дні тому
The pathway to substantial returns doesn't solely rely on stocks with significant movements. Instead, it revolves around effectively managing risk relative to reward. By appropriately sizing your positions and capitalizing on your advantage repeatedly, you can progressively work towards achieving your financial goals. This principle applies across various investment approaches, whether it be long-term investing or day trading.
@spacecadet6
@spacecadet6 4 дні тому
Even with the right strategies and appropriate assets, investment returns can differ among investors. Recognizing the vital role of experience in investment success is crucial. Personally, I understood this significance and sought guidance from a market analyst, significantly growing my account to nearly a million. Strategically withdrawing profits just before the market correction, I'm now seizing buying opportunities once again.
@emmaarmando
@emmaarmando 4 дні тому
@@spacecadet6who is your advisor please, if you don't mind me asking?
@spacecadet6
@spacecadet6 4 дні тому
*Gertrude Margaret Quinto* maintains an online presence. Just make a simple search for her name online.
@elease.eichersli
@elease.eichersli 4 дні тому
I copied her whole name and pasted it into my browser; her website appeared immediately, and her qualifications are excellent; thank you for sharing.
@speedy0
@speedy0 11 днів тому
Like him or not. Dimon has evolve over time as a shrewd businessman / CEO with a pulse on “global” economy.
@zenastronomy
@zenastronomy 11 днів тому
getting trillions in government bailouts paid for by the working man so he can continue ripping off the working man. never realised shrewd businessmen meant organised crime.
@davebrewer7170
@davebrewer7170 10 днів тому
He is a super grifter. Despicable human in the actions he allows his henchmen to undertake
@lchen7655
@lchen7655 10 днів тому
12:03, any one know what "Exchange" and "FT" he is referring to? Is the a WSJ section or a different media?
@fkklkomvocl1234gv
@fkklkomvocl1234gv 8 днів тому
Financial Times
@goldeagle8051
@goldeagle8051 9 днів тому
After Jamie recently said that he believed if Bitcoin went any higher Satoshi would come out and create 21 million more Bitcoin, by which he demonstrated that he doesn't know the basics of the basics of crypto, I'm inclined to take everything he says with a rather huge grain of salt.
@AndreaDoesYoga
@AndreaDoesYoga 11 днів тому
Interesting perspective, Dimon, let's see how it unfolds 🌐
@jimbojimbo6873
@jimbojimbo6873 11 днів тому
The world needs a hard landing, hard landing to stay hard
@pfv1247
@pfv1247 10 днів тому
How the heck does this guy look so fn radiant and youthful? His skin is glowing and his eyes are sharp and twinkling!!
@vjanssens399
@vjanssens399 9 днів тому
Being a billionaire helps
@barrettbritt
@barrettbritt 8 днів тому
Claiming home prices rising as a factor of why the consumer is doing pretty good… yeah, only if you own a home! Everyone else is worse off because of it.
@Cesco_S
@Cesco_S 11 днів тому
Nice to see some common sense from an American… great man
@rn8605
@rn8605 10 днів тому
🤣
@davebrewer7170
@davebrewer7170 10 днів тому
You mean the guy that manipulated the global gold market to make $10 billion of illegal profit. That is the guy that has common sense? Jamie Dimon is a super grifter, stealing pennys on every transaction, adding no economic value, his company is a parasite on productive Americans
@jamesbowman1767
@jamesbowman1767 9 днів тому
I cannot understand why this guy gets so much respect.
@thepmj18
@thepmj18 9 днів тому
😂
@enkibumbu
@enkibumbu 9 днів тому
I assume he is a very charismatic and capable psychopath.
@samnater
@samnater 9 днів тому
@@enkibumbubingo!
@Geniere10
@Geniere10 9 днів тому
Jealous much?
@audrey93ify
@audrey93ify 8 днів тому
I love how he said JP Morgan is looking for smart ethical people in the same 15 minutes where he completely elaborated on how unethical the economic and political policies are
@danneerrr
@danneerrr 3 дні тому
It’s hard to take leaders of banks opinions/predictions seriously when they didn’t foresee the sub-prime mortgage issues causing the damage it did and how the country continues to be affected by it-they’re still paying their CEOs $30+ million a year and most of us not making a fraction of that money aren’t going to feel comforted by or put much trust in his words of wisdom.
@davidshamiri1448
@davidshamiri1448 9 днів тому
After he said Bitcoin is a scam then bought a bunch, I dont believe a word.
@d4nt3_023
@d4nt3_023 9 днів тому
I really wish Jamie Dimon would run for president
@raiderdrew988
@raiderdrew988 9 днів тому
Jamie 💎 said we’re in the 1970’s 2.0 wow 🤩 BUY GOLD and SILVER
@Texas_Uncut
@Texas_Uncut 11 днів тому
Pretty sure these questions were scripted or else he wouldn’t be doing this interview.
@jjburns8762
@jjburns8762 11 днів тому
Great interview. Jamie sure seems very genuine & honest. However every CEO has dark secrets that are never spoken publicly.
@Freiheit1232
@Freiheit1232 11 днів тому
What insight…
@jacobbwalters8133
@jacobbwalters8133 11 днів тому
I don’t think that is necessarily true. You don’t get to the top without stepping over a few people to be sure, but I don’t buy the current narrative that every powerful person has a bunch of skeletons in their closets. I think the truth is much more simple than that. Powerful people are human just like the rest of us. They have families, they have feelings, they make mistakes, they do good things, and they sometimes do bad things. The mistakes and bad things that powerful people do just have bigger impacts and receive greater scrutiny than the problems that average people create.
@davidanalyst671
@davidanalyst671 11 днів тому
jamie did interviews like this while he was running all of Jeffrey Epsteins banking
@Satpalsingh-cg4pf
@Satpalsingh-cg4pf 10 днів тому
Uh 75% of Americans r struggling not only the bottom 20%a
@philipwong895
@philipwong895 9 днів тому
Politics determines how wealth is distributed within a country, while wars and diplomacy determine how wealth is distributed between countries. These are all direct consequences of government policies for the majority of the US population: Economic inequality, inflation, stagnant real wages for the last fifty years, costly healthcare, an expensive education system, student loan debt totaling $1.7 trillion with an average balance of $38,000, poor public transportation systems, racial inequality, mass incarceration, the militarization of police, deteriorating infrastructure, housing affordability, homelessness, the opioid epidemic, and gun violence. Instead of prioritizing the welfare of their people, they meddle in other countries to spread their version of democracy.
@Steviethegr8
@Steviethegr8 6 днів тому
Not a big fan of this guy but he sounds better than any fed public figure I've heard in decades.
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