Jamie Dimon: Wall Street Is WRONG About The Economy
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- Опубликовано: 12 апр 2024
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I'm a super fan of this channel since the beginning. But, honestly, sometimes I feel like videos in general are too repetitive. Same stuff over and over again. Maybe I've been watching for too long 😅 Maybe it's just me 🤷🏻♂️. Cheers!
70% of people think we are already in a recession and kinda agree
I'm definitely one of the 70%
I don't feel like we ever left since 2008. We came close by 2016, but then nose-dived right back into it in 2017.
Minority Mindset, Subscribed because your videos are so much fun!
Two kinds of green:
Guac: real
Currency: fake
Funny !
All-In on Avocado Tree Farm REITs, now!
Thank you random guy on RUclips
It's not what you earn (or borrow), it's what you keep.
I do my best to watch your new videos everyday. You have great content Jaspreet!
Amazing video keep it up
Is it me or are all the recent videos seeming to suddenly end mid sentence? Making me feel like I’m missing something
For me too!
The money market hasn't been too kind to commoners lately. I feel like I'm not making as much as I could be.
Have you considered getting a financial advisor? They could help optimize your investments.
@@BrianAlbert-hh3pi Hmm, who do you use?
@@JessicaKeith-uj1jq I work with Wendy Joyce Woods, a former Wells Fargo advisor. She's been handling pecuniary matters, which is now in six figures.
Wow, that's impressive! I've heard of her. I'm excited to hear about her success stories. I've actually had my mortgage paid off by following her guidelines calls.
That's amazing! I've been thinking of getting a fiscal advisor too. I did a quick lookup and found it so easy to schedule a call with Wendy Joyce Wood.
Always be careful to not project your situation onto the macro environment. Projection is a huge human flaw.
You don’t need QE with our government fiscal spending.
So like... what would you do?
5:16
Slow down:
They can Hold Deposits from the Excess Earnings from American GDP.
They can subsequently Sit over those Monetary Fluxes and Directing the Investments through Pension Funds and Others Direct Investment Roles based upon Federal Property.
They can Provide Stimulus and Direct Federal Bank to Private Banks Investments without Printing any Money but using the Excess Earnings of the State...
They can enlarge the Gold Deposit by investing on Extraction and Geological Excursions...
They are a Bank...but if the government fails they print money.
We are already in a recession 😩
My question is this and it sounds like a double edged sword... if you can buy treasuries to lend your money to the government but the bank spends your money soon as your money is deposited in the bank then what is this solving or creating?
If the govt finds it harder to find money to borrow the price, I.e. interest rates have to rise or govt spending has to be cut back.
Government does not stimulate. Per Grace commission. Not one penny of the Income tax pays for ANY services. It only services the debt and i stopped paying that 14 years ago
Explain
Real Estate Mindset has been saying this too.
I wouldn't watch that dude. All doom and gloom. Refuse to watch channels that only sell fear for the algorithm. Focus should be ln education to make the best decisions when investing. I bet there are many people that wished they had bought a house in 2021 and early 2022 but didn't because they listened to his fear porn
IMHO we would be better off with out the Federal Reserve bank.
lol... the house values just sky rocketed in the last couple months in Kansas
You do such an incredible job of pulling out financially truth, that is constantly hidden in subliminal messages and false logic that undermines the intelligence of smart people! I 100% agree that the most expensive money is FREE Money. This is why it's more important than ever to start creating our own economies! 👍
Individual debt also creates money, what you're saying isn't the whole equation
Why doesn't our government go back on the gold standard or buy more gold as a backup.
Ahem to that.
The same reason they left it. They couldn't print all the money they wanted. When we were on the gold standard the Gov. had to back all the dollars with gold. For instance, if a foreign country wanted to liquidate their dollars for gold, the US government would have to give them gold for our dollars. The French wanted to do that in the '70's Nixon took us off the gold standard and told them to pound sand.
Without something to back our dollars we are going to be in serious trouble. I hear that Russia and China are buying up gold.
You must own Guac stock, as much as you talk about it 😜
Don’t be fooled stocks/etfs are not the economy, I had 250k put aside waiting for the fed to stop raising rates. Now I want to get back into the markets, but looks like the hike will continue and stocks will still fall, I’m confused and happy to discuss.
The stock market will go down further and goodluck on the fed pausing rate hikes w/ all the hawkishness that has failed to keep up with inflation.
If the unemployment rate is able to remain steady while the Fed hikes and inflation falls back to target, a soft landing might be on the table
Jaspreet gets sick??
Probably allergies imagine the pollen that gets trapped in that wonderful beard
You need to listen to Warren mosler. The deficit is money in someone’s bank account to the penny. Taxes are not where the government gets money it spends. Printing money doesn’t necessarily cause inflation either. A balanced budget actually makes us poorer. Warren mosler
Dimon also was a huge recipient of those Too Big To Fail dollars when all the banks went belly-up on subprime mortgages and made everyone else pay for it.
More and more countries are making agreements with each other to avoid using the dollar when they trade. This reduces the amount of dollars held by other countries and when the money printer goes brrr it means the Americans are facing more inflation than they used to when the outsiders had to take the inflation hit.
I expect the US to continue deficit spending because when the world drops the dollar in mass the US will lose this gravy train of free money. Use it while you got it.
We will all be distracted by all the wars that are being started while they rob the people through inflation.
Clinton, one of the most popular presidents in my lifetime, oversaw a federal government surplus in his second term. I don't think most younger Democrats remember that or understand why. This is a great video to explain how this is relevant to us today.
What is with everyone talking about a soft landing? The landing happened... A year ago... We are a year into the next 7-10 year market cycle. Yes, there will be corrections and pullback along the way, but unless something awful happens I wouldn't put too much stock in anyone selling the idea of a major economic downturn any time soon.
Now, that isn't to say that the market isn't without headwinds. The summer before a major election is always pretty flat, so I'm not expecting any major market moves over the next few months... But after the election, no matter who wins, we will see things jump up because we will know how policy will look for the next 2-4 years.
On the inflation front, the fed is doing a good job at managing expectations. Had we done rate cuts, then we would have 1970s style inflation spikes and crashes. Holding things steady and elevated is keeping inflation steady at 3.5-4% instead of continuing to spike and flatline every few months. It's not pleasant, but it's better than the alternative.
But the source of inflation is directly tied to the job situation right now. We export jobs to China, and China exports deflation to us. China... Isn't doing well right now. It's worse than what most people seem to realize. So businesses are moving operations to Mexico, India, and to a lesser extent bringing stuff back to the US. Building out infrastructure in Mexico and India has up-front investment costs that need to be paid for and raises prices. Bringing jobs back state side is much more expensive than what he had been paying for. Plus we have a massive generation retiring and for the first time ever the generation coming into the job market isn't larger than the one leaving, so employment is high and expected to remain high for a while. All of that means higher costs for the next 3-5 years. It has little to do with government spending. Little to do with fed policy. Nothing to do with political parties. This is just macro economics. When building and changing infrastructure, you pay up front.
The good news though is that as things transition, those cost increases will level off, and inflation will steady out again. Shorter and more robust supply chains keeping things in north America will be a boost in the long term. AI should help grow the economy and pick up the slack for a population that isn't continuing to grow. We have some headwinds playing out right now, but a lot of good moves being made over the rest of this economic cycle. Higher inflation, and higher interest rates in the short term, but all to prep for medium to long term growth that is hopefully more sustainable than what the boomers pushed forward when they were at the wheel.
Just one question. How can we apply true inflation costs when the administration just changes the definition to make it look lower?
They spent all the money man
I feel like this is the banker’s reality show…the banks create the markets.
They broke the money, They broke the cash, They broke the bucks, They ruined the dinero.
Do the complete opposite of what Jamie Dimon says. Because he always does the opposite of what he says.
Wow, that's a good comment
Then I assume you're buying bonds to bet on lower interest rates. I'm sorry, but you're going to lose money. Wall Street is operating on hopium. They're willfully disconnected from the shit Powell says.
No, staying away from bonds unless interest rates go up, which it most likely won’t for awhile. I have been going against what Dimon and a lot of Wall Street has been saying for awhile now and it’s been going very well.👍🏻 Especially when Dimon was calling Crypto trash while buying it up through various stocks, ect… 😂
Dimon is trying to do what Bill Ackman did in 2020. Come out and tell people the stock market is going to crash, while shorting the shit out of it.
More than likely, he's trying to jawbone for the fed (he owns the fed technically) and so his alarm ringing about stimulus and rates can help the fed by keeping markets from getting too frothy.
He’s paid to be cautious
The Inflation Creation Act is in full effect.
Dimon 36 million dollar a year salary for this guy to do what?
I could careless!! I we will be fine! Here we go with the scared tactics! And i done use chase and I am saving of anything that comes our ways and I will have money to buy stocks if it goes down 😂😂
😂😂
You could *'NOT'* care less...
I think Jaime is a weasel. I don't care about politics and I expect the CEOs to have a good relationship with honesty. Jaime has knowingly been deceptive in his business dealings for political gain.
❤❤❤❤❤😊😊😊😊
Stimulus money still circulating is the $800 billion of forgiven PPP loans of which 70% was banked by the employer. Complete scam.
Thank God it wasn't all the bailouts of industry, banks, large corporations. And the buying up of all the worthless assets to save the stock market
FJB!
This guy does not want you to know anything he always says the same
Generic info 365 a year and don’t give you any details typical rich guy give information in half.
Jamie Diamond is not a prophet no matter his insider knowledge or big paycheck.
It's not about being a prophet or having insider knowledge. It's understanding the fact our economy and the stock market has been inflated by quantative easing and low interest rates.
Well when the Fed buy back the govts debt the money supply decreases cuz those cash actually disappears and they can keep playing this game for a very very long time
When they sell it money disappears when they buy money is generated. Problem is over the last two decades they've bought way more than sell.
@@joshuasvensson5448 That is the scam the Federal Reserve always plays. Quantitative Easing is always greater than Quantitative Tightening.
The stock market is no different then a casino. The middle class gradually makes money through out time. The rich and wealthy make big money on the weekly. They under that companies invest the workers money per pay period. They have found a way to capitalize on it. They take the huge earnings. We take the table scraps.
I think USA govt doing great. Print money lending to people allow innovation job like genai, other robotics and not to mention on medical field at world level. It is okay to have inflation.
Do you really believe that? I am hoping for Universal basic income.
That you, Joe?
@@aaronc4724The consequence of waiting for hand outs is that you will never figure out how to make it on your own. Do you think things will make you happier than accomplishments?
@@aaronc4724so if they get you hooked on free money, what happens to you when they take it away? That’s being a slave to a corrupt government. I choose to be a free person and my own individual!
As much was spent 2017-2021 than was spent 2009-2017... you know, when they cried hourly about how much Obama spent.
When you include covid years, but neglect to mention their effect, it is easy to see that you are just trying to manipulate.