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Message
Jamie Dimon, "Brace yourselves"
Posted on 6/1/22 at 11:11 am
Posted on 6/1/22 at 11:11 am
LINK
quote:
There are two main factors that has Dimon worried: So-called quantitative tightening, or QT, is scheduled to begin this month and will ramp up to $95 billion a month in reduced bond holdings.
The other large factor worrying Dimon is the Ukraine war and its impact on commodities, including food and fuel. Oil could hit $150 or $175 a barrel, he said.
"You better brace yourself," Dimon told the roomful of analysts and investors. "JPMorgan is bracing ourselves and we're going to be very conservative with our balance sheet."
quote:
"You know, I said there's storm clouds but I'm going to change it… it's a hurricane," Dimon said Wednesday at a financial conference in New York. While conditions seem "fine" at the moment, nobody knows if the hurricane is "a minor one or Superstorm Sandy," he added.
"You better brace yourself," Dimon told the roomful of analysts and investors. "JPMorgan is bracing ourselves and we're going to be very conservative with our balance sheet."
Posted on 6/1/22 at 11:12 am to Aubie Spr96
quote:
There are two main factors that has Dimon worried: So-called quantitative tightening, or QT,
I can't believe a business holding assets would be against a policy that will lower the value of their assets
Posted on 6/1/22 at 11:56 am to Odinson
Care to expand on that for us who were busy being drunk college kids in 08.
This post was edited on 6/1/22 at 12:15 pm
Posted on 6/1/22 at 12:36 pm to Aubie Spr96
Sandy wasn’t a real hurricane
Posted on 6/1/22 at 12:45 pm to el Gaucho
He should be the one running the Federal Reserve or at least be the Treasury Secretary. Smartest man in the financial sector.
Posted on 6/1/22 at 12:57 pm to Im4datigers
quote:
Smartest man in the financial sector.
Yes, which is why he will never head the Fed or Treasury.
He's too smart to take such political positions.
Posted on 6/1/22 at 2:01 pm to Tiger985
Point very well taken. We need somebody like him though. Wish he would just take the plunge and serve his country ??????
Posted on 6/1/22 at 2:05 pm to Aubie Spr96
I Dimon has been the smartest guy in the room for many years. He’s viewed as one of the most level headed financial leaders out there too.
When he speaks, ignore at your own peril
When he speaks, ignore at your own peril
Posted on 6/1/22 at 2:13 pm to SlidellCajun
quote:
I Dimon has been the smartest guy in the room for many years. He’s viewed as one of the most level headed financial leaders out there too.
When he speaks, ignore at your own peril
Maybe, and maybe I'm remembering wrong... But didn't he have a pretty positive outlook fairly recently? As recently as last week?
This post was edited on 6/1/22 at 2:14 pm
Posted on 6/1/22 at 2:27 pm to Odinson
quote:FWIW, Ackman is more akin to Martin Shkreli than to Jamie Dimon. Dimon is one of the only bankers out there who's actually worth listening to.
Ackman 2.0
This post was edited on 6/1/22 at 2:29 pm
Posted on 6/1/22 at 3:30 pm to Im4datigers
quote:if you're not joking, you are clueless.
Smartest man in the financial sector.
Posted on 6/1/22 at 3:41 pm to Aubie Spr96
Dimon’s comment on Russia’s impact on food and fuel commodities is not news…
Posted on 6/1/22 at 6:48 pm to Im4datigers
You were down voted alot, but the market sure hell reacted to what he said!
Posted on 6/1/22 at 8:09 pm to Jjdoc
This is your Treasury Secretary. This should instill confidence.......If you don't understand how we are in a bad financial position you are running through life "EYES WIDE SHUT!"
Janet Yellen
Janet Yellen
Posted on 6/1/22 at 11:58 pm to oneg8rh8r
Deflection away from incompetent fiscal policy
Posted on 6/2/22 at 6:23 am to Im4datigers
quote:
He should be the one running the Federal Reserve or at least be the Treasury Secretary. Smartest man in the financial sector.
And what take a pay cut? That is why he is the smartest by not working there.
Posted on 6/2/22 at 7:18 am to Aubie Spr96
Do the opposite of whatever Dimon says.
Ackman mentioned the same thing, which means buy buy buy.
Ackman mentioned the same thing, which means buy buy buy.
Posted on 6/2/22 at 8:11 am to Mingo Was His NameO
quote:
I can't believe a business holding assets would be against a policy that will lower the value of their assets
LINK
Guy literally gave a positive outlook last week and said the economy was strong.
I'm wondering what on earth has changed in the past week?
Posted on 6/2/22 at 8:28 am to DiscountedCashFlow
He’s sucked China’s d:ck far too much for me to be a fan.
This post was edited on 6/2/22 at 12:50 pm
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