Jamie Dimon - A Hurricane is coming for the economy

Primavera said:
The fact that it was caused by senile old bugger who should have been put out to grass years ago means little to you.
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The cause is much more deeply rooted that that. If you have any brains you would know that.
 
Celticguy said:
JPMorgan CEO remarks on the state of the economy

Sorry its a video but it seems this is not being widely published. Watch it and you will see why.

We are in generally uncharted waters and what little IS charted aint good.

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Yeah, listen to him. He crashed his bank and cost America billions at the end of the W. admin. I'd listed to Larry the Cable Guy's opinion on the economy before I listed to Dimon.
 
Celticguy said:
It IS his job to steer JPM through this and he will do the best he can as he has for 20 years there.

But the Average Joe (you, me, damn near everyone we know) needs facts to steer his own course. When someone in the know is willing to share some, its worth paying attention.
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Why don't you consult with fat donny regarding how to survive in the casino business?
 
Mina said:
As soon as I started watching the presenter's spin my first thought was "this dude's going to try to sell me cryptocurrency." So, I scrubbed to the end, and of course that's just what this was about. The idea is to panic people about the economy, with lots of talk about QT and QE, and then convince them that the latest collapse of crypto is a buying opportunity, so that those who haven't yet exited can find a bigger fool to offload their position to.
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Well done. His advice on the economy is a golden as the showers trump took in that Russian hotel room.
 
Matt Dillon said:
Yeah, your leftist shill ass is not better than Ron Paul, sorry.

You're not better than Ross Perot, either; or just about anybody with their head screwed on straight.

It's ok. :)
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How many presidential elections did Rand win? That would be zero. He's a racist. He claimed there was no reason to pass the 1964 Civil Rights Act. He's trash. His son is so weak someone pushed him over on his lawn and he broke three ribs. Both Paul's would run away from any real danger.

Matt Dillon said:
What if we took in the information and decided things for ourselves? :eek:

I'm saying there's a housing bubble right now. :rolleyes:

That government is going to have to back off on the taxes, else it will the ruination of America.
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You are right about the housing bubble. Except it isn't a bubble, champ. Homes are in too high a demand... it will get much worse.
 
Jarod said:
And when the fed finally decided to do it, Trump bullied them out of it.

Biden allowed them to do what was best, accepting the hit he would take.
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they had ceased being QE (a temporary measure to solve a problem) and he was trying to get us out of the Obama malaise.
Thats why its going to have a much harder impact trying to live without it.
Unfortunately it wont jsut impact Wall Street and will hurt Main Street far worse.
 
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