Jamie Dimon, chairman and chief executive officer at JPMorgan, talks with Stephanie Ruhle about concerns over tech valuations, markets on the lookout for the next black swan and what he expects from a Federal Reserve rate hike. He speaks on “Bloomberg ‹GO›.”
Jamie Dimon: Tech Valuations Are ‘A Little High
Source: Bloomberg, October 19, 2015
~~~
Jamie Dimon: Banks ‘Got Tarnished’ By Financial Crisis
Source: Bloomberg, October 19, 2015
~~~
Dimon Says CEOs Should Focus on Long Term, Not Analyst Estimates
Source: Bloomberg, October 19, 2015
~~~
Dimon: Impossible for Banks to Fight U.S. Government
Source: Bloomberg, October 19, 2015
Banks were not tarnished by the financial crisis. Instead, they were exposed by it in the same way the emperor had his hew suit called out by a kid. The banks brought most of the crisis onto themselves which is different from being tarnished by outside elements.
‘Banks can’t fight gov’t?’
They did [including his] a pretty good job of hijacking/writing themselves the ‘Frank ‘n Dodd’ Act.
They can’t fight it, but they can rent it.
I am curious to know if equal time on this blog will be given to leaders of other large institutions such as the Cali Cartel, Isis, Al Qaeda, Cosa Nostra or Sendero Luminoso. I am sure they have strong opinions about government policy and amazing ideas on how to increase their market share and profitability.
why give this putz airtime?
Jaime Daimon is the rentier’s rentier and doubtless his opinions would be cogent among rent seekers but in terms of capitalism and democracy or even successful investing for hoi palloi, well, maybe not so much.
Putting rents at the center of U.S. income inequality
The rise of income inequality in the United States since the late 1970s is a well-documented fact, but the reasons for the rise still aren’t well understood. The possible culprits include skill-biased technological change, globalization, the rise of the robots, and an increasingly popular reason: increased “rents” in the U.S. economy.
Rents, in economics parlance, are extra returns above and beyond what we’d expect in a competitive market. A new paper …presents some evidence that not only have rents increased, but they provide a fundamentally important explanation for rising inequality. ….
Yes the banks were wrong and Dimon can’t and doesn’t really defend them, he just points out the good they did. He is a very smooth politically savvy individual who will do the best for JPMC. His investors can sleep well at night.
I find that woman horribly grating and awfully hard to listen to, so much that I have to turn the channel when she’s on, and I like Bloomberg as background noise (heh) during the day, usually. This particular “interview” was just awful in it’s pandering to Dimon. I sensed that even he was a little uncomfortable with the sucking up. As though he’s some sort of poor victim in all of this. Listen, It’s been some time now, and we all should admit that they won, and nobody is going to take their trophy back. But let’s have some respect for the rest of us and stop with the arguments that we actually need these people and their ways to build a better world. I mean, c’mon already. We’re not that dumb. There’s many reasons that Trump is leading the polls, and one of them is that most know the bankers screwed us royally, and are mad as hell, and won’t take it anymore.
Bloomberg has injected way too much politics in his product since leaving office. And, we all know who’s side he’s on.
The financial sector would be a rich source of unintentional hilarity, if the things they said weren’t so depressing and appalling and just stupid.
Banks “tarnished” by financial crisis. LOL