Jamie Dimon

[tsptalk]

Jamie Dimon August 2018:

10-year Treasuries yield could hit 5%: "It's a higher probability than most people think"


Jamie Dimon September 2018:

JP Morgan is preparing for the risk of zero rates in the US


https://www.cnbc.com/2019/09/10/jam...paring-for-0percent-interest-rates-in-us.html

 

[tsptalk]

Head of U.S.’ largest bank says central banks are fueling a sovereign debt bubble, negative-rates won’t ‘end well’

J.P. Morgan chief Jamie Dimon blames U.S. public policy for sluggish growth over past decade

https://www.marketwatch.com/story/h...-end-well-2020-01-22?siteid=yhoof2&yptr=yahoo

 

[nasa1974]

Head of U.S.’ largest bank says central banks are fueling a sovereign debt bubble, negative-rates won’t ‘end well’



https://www.marketwatch.com/story/h...-end-well-2020-01-22?siteid=yhoof2&yptr=yahoo

So who do we believe, Jamie Dimon or our current Administration telling us "its the greatest ever"?

 

[nnuut]

The Market NEVER goes in one Straight direction. Patience is required.

 

[tsptalk]

Jamie Dimon warns: We’re getting a ‘bad recession’ plus ‘financial stress’ like the 2008 crisis

JPMorgan Chase chief Jamie Dimon said he expects the coronavirus crisis to include a “bad recession” and elements of financial strain similar to the 2008 downturn.

In his annual shareholders letter, Dimon also warned that the bank may have to consider suspending its dividend if the economy reaches “extremely adverse” conditions.

As the economy worsens and loan losses mount, regulations put in place after the last crisis a decade ago would begin to constrain the bank, Dimon warned.

He added that while JPMorgan “will participate in government programs to address the severe economic challenges, we will not request any regulatory relief for ourselves.”

https://www.cnbc.com/2020/04/06/jam...-says-us-can-emerge-from-crisis-stronger.html

 

[tsptalk]

JPMorgan CEO Jamie Dimon Says Big Risks Loom for the U.S. Economy
The combination of war and inflation could have unpredictable consequences, Mr. Dimon said in his annual letter

The head of the nation’s biggest bank offered a largely upbeat view of the economy’s health in his annual letter to shareholders Monday. Consumers and businesses are flush with cash, wages are rising and the economy is growing rapidly after its pandemic slowdown. While consumer confidence has declined, Mr. Dimon says the more important gauge is booming spending.

https://www.wsj.com/articles/jpmorg...jvmlz9dsdyk&reflink=desktopwebshare_permalink

 

[tsptalk]

JPMorgan CEO Jamie Dimon Says ‘Powerful Forces’ Threaten U.S. Economy
Bank’s first-quarter profit fell 42% as it socked away funds to prepare for higher defaults in case of recession

Chief Executive Jamie Dimon said the economy is strong and growing, citing double-digit growth in card spending, low delinquencies and healthy household and consumer balance sheets. But the bank surprised Wall Street by setting aside $900 million in new funds to prepare for economic turmoil; a year ago, it freed up $5.2 billion it had reserved for potential loan losses in the pandemic’s early months.

Those extra funds could cushion the bank if the economy tips into recession, sending loan defaults higher. Mr. Dimon said that risk remains remote but has grown following Russia’s invasion of Ukraine and as inflation has hit its highest level in 40 years.

“Those are very powerful forces, and those things are going to collide at one point,” Mr. Dimon said. “No one knows what’s going to turn out.”

A recession, he said, is far from a sure thing. “Is it possible? Absolutely,” he said.

https://www.wsj.com/articles/jpmorg...7fc1nkpnkd4&reflink=desktopwebshare_permalink

 

[tsptalk]

Jamie Dimon says expect ‘other surprises’ from choppy markets after U.K. pensions nearly imploded

JPMorgan Chase CEO Jamie Dimon says investors should expect more blowups after a crash in U.K. government bonds last month nearly caused the collapse of hundreds of that country’s pension funds.

“My experience in life has been when you have things like what we’re going through today, there are going to be other surprises,” Dimon told analysts on Friday.


Markets will continue to be volatile so long as the Federal Reserve is boosting rates and shrinking its massive balance sheet, Dimon said.

https://www.cnbc.com/2022/10/14/jam...arkets-after-uk-pensions-nearly-imploded.html

 

[tsptalk]

Jamie Dimon says rates will rise above 5% because there is still ‘a lot of underlying inflation’

Dimon said the recent easing of inflation comes from temporary factors such as a pullback in oil prices and a slowdown in China due to the Covid pandemic.

https://www.cnbc.com/2023/01/19/jam...e-is-still-a-lot-of-underlying-inflation.html

 

[tsptalk]

Jamie Dimon says the banking crisis is not over and will cause ‘repercussions for years to come’

Jamie Dimon, longtime JPMorgan Chase CEO, said of the latest financial shock in his annual letter: “The current crisis is not yet over, and even when it is behind us, there will be repercussions from it for years to come.”

“But importantly, recent events are nothing like what occurred during the 2008 global financial crisis,” he added in the letter released Tuesday.

The recent banking issues in the U.S. began with the collapse of Silicon Valley Bank, which was closed by regulators on March 10 as depositors pulled tens of billions of dollars from the bank.

https://www.cnbc.com/2023/04/04/jpmorgans-jamie-dimon-says-banking-crisis-is-not-over-yet.html

 

[tsptalk]

Jamie Dimon issues warning on rates: ‘It will undress problems in the economy’

Investors and businesses should plan for interest rates to remain higher for longer than currently expected by the market, according to JPMorgan Chase CEO Jamie Dimon.

“If and when that happens, it will undress problems in the economy for those who are too exposed to floating rates,” Dimon said Friday.

Dimon said he told “all” his bank’s clients to prepare for the risk of higher rates, and that its possible that more smaller banks could fail.

https://www.cnbc.com/2023/04/14/jam...-it-will-undress-problems-in-the-economy.html

 

[papahotel66]

Jamie Dimon also advocated the seizure of private property by government through imminent domain in order to facilitate green energy projects. I canceled my Chase Credit Card as a result...

 

[tsptalk]

Jamie Dimon warns ‘all these very powerful forces’ will impact U.S. economy in 2024 and 2025

JPMorgan Chase CEO Jamie Dimon said he remains cautious on the U.S. economy over the next two years because of a combination of financial and geopolitical risks.

“You have all these very powerful forces that are going to be affecting us in ’24 and ’25,” Dimon told Andrew Ross Sorkin on Wednesday in a CNBC interview at the World Economic Forum in Davos, Switzerland.

Goldman Sachs CEO David Solomon added that he was concerned about soaring U.S. debt levels.

Jamie Dimon warns on U.S. economy in 2024, 2025

 

[tsptalk]

Jamie Dimon says AI may be as impactful on humanity as printing press, electricity and computers

• JPMorgan Chase Jamie Dimon chose AI as the first topic in his update of issues facing the biggest U.S. bank by assets.

• In his annual letter to shareholders released Monday, Dimon said he was convinced that artificial intelligence will have a profound impact on society.

• He also touched on inflation, geopolitics, social media and the bank’s First Republic deal.

Jamie Dimon annual shareholder letter highlights AI potential

 

[tsptalk]

Jamie Dimon warns that inflation, wars and Fed policy pose major threats ahead

JPMorgan Chase CEO Jamie Dimon warned Friday that “persistent” inflation, “terrible wars and violence” and the Fed’s efforts to tighten financial conditions threaten an otherwise positive economic backdrop.

“Looking ahead, we remain alert to a number of significant uncertain forces,” the head of the the largest U.S. bank by assets said in announcing first-quarter earnings results.

Along with that, he noted “persistent inflationary pressures, which may likely continue.”

Jamie Dimon warns that inflation, wars and Fed policy pose major threats ahead

 

[tsptalk]

JPMorgan CEO Jamie Dimon says U.S. could see a ‘hard landing,’ stagflation will be ‘worst outcome’

JPMorgan Chase’s chairman and CEO Jamie Dimon says a “hard landing” for the U.S. cannot be ruled out.

Speaking at the JPMorgan Global China Summit in Shanghai, he told CNBC that the worst outcome for the U.S. economy will be a “stagflation” scenario, where inflation continues to rise, but growth slows amid high unemployment.

Dimon said interest rates could still go up “a little bit.”

JPM Dimon: Can'''t rule out U.S. hard landing, stagflation is worst outcome

 

[tsptalk]

https://twitter.com/x/status/1911950076618150237