https://www.realclearpolitics.com/video/2024/05/02/viral_tiktok_what_does_jp_morgan_ceo_jamie_dimon_mean_when_he_says_the_consumer_is_doing_well_in_2024.html
5 replies (most recent on top)
Oh for F's sake........
You need to understand the context. When he says consumers are "doing well" that means "doing financial things that benefit JPM". So a consumer spending is good for JPM, and spending more is even better...so inflation isn't necessarily bad for that bank. Nor is it bad if consumers are spending more for less / lower quality food or housing. It's all a matter of perspective, and it's not shocking at all that JD thinks this way.
Billionaires are gonna fu-k us up and run us like we’re not doing anything for them, slave work!! Making them richer, why are we so d-mb??
Time will tell, you’re probably not gonna have any worker soon here in the USA.
Damn dude is sooo out of touch. I can’t even fu--ing explain it.! But he has $2 billion and he doesn’t fu--ing do like the basic sh-t in life so, there’s that!
JP Morgan CEO Jamie Dimon claimed consumers are 'in pretty good shape'. He was branded 'out of touch' over comments to the Wall Street Journal. Inflation rose to 3.5 percent in March, well above the Fed's 2 percent target.
https://www.dailymail.co.uk/news/article-13373115/jpmorgan-chase-ceo-jamie-dimon-podcast-comments-draw-backlash.html