Jamie Dimon, "...United States can’t borrow indefinitely". | TigerDroppings.com

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GumboPot
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Jamie Dimon, "...United States can’t borrow indefinitely".



quote:

He was asked today whether bond markets would turn against the U.S., which has been able to borrow at near-record-low rates.

“I can’t honestly tell you I know it’s going to be two years or five years, but it will happen,” Dimon said. “It is a matter of time and the United States can’t borrow indefinitely.”

Dimon joins Bill Gross, manager of the world’s biggest bond fund at Pacific Investment Management Co., in raising alarms about the effects of government debt on bond rates. Gross has reduced holdings of Treasuries for three straight months in his Total Return Fund. Gross wrote in his monthly investment commentary last week that the U.S. will no longer be the first destination of global capital in search of safe returns unless fiscal spending and debt growth slows.


I am very surprised by Dimon's comments on the US debt.

LINK



This post was edited on 10/16 at 3:13 pm



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LSURussian
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re: Jamie Dimon, "...United States can’t borrow indefinitely".


quote:

I am very surprised by Dimon's comments on the US debt.
He has been saying this since before the 2012 election.

Why do you think AG Holder and his minions have been on a crusade against J.P. Morgan Chase bank since then?

They've extorted several billion dollars from the bank to either shut Dimon up or make him look bad.






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Jim Rockford
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re: Jamie Dimon, "...United States can’t borrow indefinitely".


Jamie Dimon is one of the ones who got us in the situation we're in.





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LSURussian
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re: Jamie Dimon, "...United States can’t borrow indefinitely".


quote:

Jamie Dimon is one of the ones who got us in the situation we're in.

How so?






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Walking the Earth
Member since Feb 2013
3747 posts

re: Jamie Dimon, "...United States can’t borrow indefinitely".


He's right but one of the (many) problems is that neither he nor anyone else is willing to go out on a limb and tell us when that point will be reached.

To be fair, they probably have no way of knowing but specific guidance would be useful.







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LSURussian
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re: Jamie Dimon, "...United States can’t borrow indefinitely".


quote:

he nor anyone else is willing to go out on a limb and tell us when that point will be reached.
quote:

To be fair, they probably have no way of knowing






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boosiebadazz
Member since Feb 2008
45284 posts

re: Jamie Dimon, "...United States can’t borrow indefinitely".


He's right. And when foreign money starts going elsewhere and the United States' economy feels the effects of that, politicians will then be forced to change our spending behavior.

A free-market of global economies, if you will.



This post was edited on 10/16 at 3:23 pm


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GumboPot
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Member since Mar 2009
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re: Jamie Dimon, "...United States can’t borrow indefinitely".


quote:

Why do you think AG Holder and his minions have been on a crusade against J.P. Morgan Chase bank since then?

They've extorted several billion dollars from the bank to either shut Dimon up or make him look bad.


Wow. I did not know this.






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SlowFlowPro
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re: Jamie Dimon, "...United States can’t borrow indefinitely".


but the vast majority of the debt is held by US individuals or institutions. they're the ones propping up the debt





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NC_Tigah
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Member since Sep 2003
52086 posts

re: Jamie Dimon, "...United States can’t borrow indefinitely".


quote:

Jamie Dimon is one of the ones who got us in the situation we're in.
To the contrary, Dimon is one of the ones who got us out.

His repayment?
Holder is effing suing JPM!!!






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DeltaDoc
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re: Jamie Dimon, "...United States can’t borrow indefinitely".


quote:

politicians will then be forced to change our spending behavior.


No they won't. They will spend it until the bitter end...and when the end comes (which is inevitable) they (democrats) will simply use their media and education influence to blame the other party.

It is as predictable as the sun rising and setting.



This post was edited on 10/16 at 3:30 pm


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Rohan2Reed
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T'uela me la pela
Member since Nov 2003
71310 posts

re: Jamie Dimon, "...United States can’t borrow indefinitely".


quote:

He has been saying this since before the 2012 election.

Why do you think AG Holder and his minions have been on a crusade against J.P. Morgan Chase bank since then?

They've extorted several billion dollars from the bank to either shut Dimon up or make him look bad.


Yep. Just another example of what happens when you cross this administration. Guess the lesson to be learned here is that you may be punished for NOT having to be bailed out by Washington.







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constant cough
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re: Jamie Dimon, "...United States can’t borrow indefinitely".


quote:

"...United States can’t borrow indefinitely".



Somebody forgot to tell Boehner that.






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RCDfan1950
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Member since Feb 2007
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re: Jamie Dimon, "...United States can’t borrow indefinitely".


quote:

but the vast majority of the debt is held by US individuals or institutions. they're the ones propping up the debt


Somebody put up an easy graphic the other day. Definitive.

I noticed that the Fed was a big player. So, the Fed prints their own money and buys bonds and counts those bonds as assets? WTF. Sounds like Fannie Mae to me.

I know one thing...the Progs have a 'never let a good crisis go to waste' plan ready to go. I watch Bob Beckel on "The Five", and he simply writes off the debt issue like it is nothing. However, he never explains WHY. Just clams up. What does that tell me...that Bob KNOWS what the end game is, and it is good for his (Statist) agenda.

Interesting.









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SquatchDawg
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re: Jamie Dimon, "...United States can’t borrow indefinitely".


quote:

but the vast majority of the debt is held by foreign countries, social security, the FED reserve and retirement/pension funds


FIFY

US Debt Breakdown






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Rohan2Reed
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re: Jamie Dimon, "...United States can’t borrow indefinitely".


quote:

Jamie Dimon is one of the ones who got us in the situation we're in.


quote:

To the contrary, Dimon is one of the ones who got us out.


I loved when Dimon took a nice little jab at D.C. last week when he said JP Morgan would fund the $8 billion in government benefits that his bank processes each week for its clients, even if the government doesn’t actually pay those obligations.






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Mo Jeaux
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re: Jamie Dimon, "...United States can’t borrow indefinitely".


quote:

Wow. I did not know this.


October 16, 2013 - CFTC Files and Settles Charges Against JPMorgan Chase Bank, N.A., for Violating Prohibition on Manipulative Conduct In Connection with "London Whale" Swaps Trades








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Rohan2Reed
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Member since Nov 2003
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re: Jamie Dimon, "...United States can’t borrow indefinitely".


$100 million penalty .. and probably a couple billion in legal fees. great job Obama/Holder/et. al. maybe this will teach them to bow to their regulatory masters!





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Taxing Authority
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re: Jamie Dimon, "...United States can’t borrow indefinitely".


quote:

To be fair, they probably have no way of knowing but specific guidance would be useful.
You rarely get clear and timely warning for incipit credit crisis. Witness 2007. That's one of the things that makes them so dangerous. And so difficult to reverse.



This post was edited on 10/16 at 5:08 pm


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Tigahs
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re: Jamie Dimon, "...United States can’t borrow indefinitely".


quote:

They've extorted several billion dollars from the bank to either shut Dimon up or make him look bad.


I've heard many types of conspiracy theories but this one seems rather unlikely






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