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Aubie Spr96
Utah Fan
lolwut?
Member since Dec 2009
36639 posts

Jamie Dimon, "Brace yourselves"

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."


Mingo Was His NameO
LSU Fan
Brooklyn
Member since Mar 2016
23527 posts
 Online 

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


Odinson
LSU Fan
Asgard
Member since Apr 2014
2385 posts
 Online 

Ackman 2.0


GREENHEAD22
LSU Fan
Member since Nov 2009
17633 posts
 Online 

Care to expand on that for us who were busy being drunk college kids in 08.
This post was edited on 6/1 at 12:15 pm


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130
el Gaucho
LA-Lafayette Fan
bawcomville
Member since Dec 2010
46043 posts
 Online 

Sandy wasn’t a real hurricane


Im4datigers
LSU Fan
Northern Virginia
Member since Oct 2003
3689 posts

He should be the one running the Federal Reserve or at least be the Treasury Secretary. Smartest man in the financial sector.


Tiger985
USA Fan
Member since Nov 2006
4748 posts
 Online 

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.


Im4datigers
LSU Fan
Northern Virginia
Member since Oct 2003
3689 posts

Point very well taken. We need somebody like him though. Wish he would just take the plunge and serve his country ??????


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23
SlidellCajun
LSU Fan
Slidell la
Member since May 2019
7585 posts

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


castorinho
Oklahoma Fan
13623 posts
Member since Nov 2010
78398 posts

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 at 2:14 pm


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01
NC_Tigah
LSU Fan
Carolinas
Member since Sep 2003
111191 posts

quote:

Ackman 2.0
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.
This post was edited on 6/1 at 2:29 pm


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34
AM
Member since Jan 2019
106 posts

quote:

Smartest man in the financial sector.
if you're not joking, you are clueless.


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96
SurfOrYak
LSU Fan
BR/MsDelta
Member since Jul 2015
340 posts

Dimon’s comment on Russia’s impact on food and fuel commodities is not news…


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00
Jjdoc
Columbia Fan
Cali
Member since Mar 2016
41754 posts

You were down voted alot, but the market sure hell reacted to what he said!


oneg8rh8r
LSU Fan
Port Ludlow, WA
Member since Dec 2003
2276 posts

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


Texas Ram
Colorado State Fan
Member since Sep 2020
776 posts

Deflection away from incompetent fiscal policy


leeman101
Auburn Fan
Huntsville, AL
Member since Aug 2020
892 posts

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.


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tiggerthetooth
Houston Astros Fan
Big Momma's House
Member since Oct 2010
54738 posts
 Online 

Do the opposite of whatever Dimon says.


Ackman mentioned the same thing, which means buy buy buy.


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21
DiscountedCashFlow
Member since May 2022
243 posts

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?


OTIS2
LSU Fan
NoLA
Member since Jul 2008
47831 posts
 Online 

He’s sucked China’s d:ck far too much for me to be a fan.
This post was edited on 6/2 at 12:50 pm


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