He's totally right about coal: it's cheap, plentiful and rich with energy. The honor of consumption goes to the cheapest and the best. If only the enviorn-mentalists had not outlawed nuclear in the 1980's we would be almost done burning coal AND oil.
I mean Ukraine shows my Nuclear is a bad idea. An enemy will easily target them and inflict heavy damage. With japan Nuclear program failing in destruction a whole city, the cost of nuclear energy looks really high.
Baloney! Both Solar and Wind are cheaper than Coal. He's a Fossil Fuel Fudster they have HUGE accounts with the Fossil Fuel companies, who routinely bribe the Politicians....Jamie Dimon and the rest of the Dinosaurs don't know what the heck they are doing. OIL will ALWAYS be a problem until you get OFF of it. OPEC and OPEC+ can control the prices and the US CANNOT...Saudis produce OIL too cheaply for US Drillers to stay in business if the Saudis drop the prices, like they did before the pandemic. Norway is ALREADY at 90% New Plug-In Vehicles this year and have plenty of charging stations in the country. They're one of the biggest producers of OIL and GAS in the World. But they understand that the future is EVs, Solar, Wind, Geothermal, Hydro, etc. Battery storage is part of the solution.. Instead of being at the same level as Norway...or at least Europe or China, the US has been suffering under the FUD of OIL companies and their bought and paid for politicians. OIL companies help start WARS to keep the prices high or encourage them to continue...The US invades or Bombs a LOT of OIL producing countries...or tries to destabilize them. NOT by accident. Time to get OFF the addiction to OIL..
@@Ultrajamz Fossil Fuel companies are EVERYONE's worst enemy. They bribe politicians to help destabilize OIL producing countries...and start WARS in countries that won't be destabilized. The US should be the HIGHEST percentage of EVs, Battery Storage and Solar / Wind, instead we lag behind Europe, China and and consistently getting killed with higher prices, because OPEC is in control of them.
@@CL-ld2pu JPMorgan Chase was the one financial institution that came out of 2008 looking good. It was running itself well enough that it was able to buy up some of the struggling banks (who’s fines it had to pay later)
@@CL-ld2pu the banks and Auto manufacturers were forced to take government money regardless of their balance sheets seriously. The government under Bush and Obama could have backstop all the under water mortgage which would have allowed millions of lower income people to keep their homes instead they gave and forced the banks to take the money and the Bank also got the houses. Seriously Ford was also forced to take money and they didn't need or want it.But Gm was bankrupt and going to fold
JP Morgan Chase almost bankrupt the whole world. Without bailouts this bank will go under like many other banks. This is a criminal organization , paying only fines. If you and I made the same moves , we will be in jail. But not JP. Slapping on the hand and paying a fine. Thanks to the US government.
@@tbirdddd5818 He didn't cause it he actually predicted it and told his team to get rid of MBS's which is why they were the only bank to have positive earnings during it, it was Bear Stearns, Lehmann, Fannie and Freddie who caused it
@@tbirdddd5818 no clown it would be a crook if u ripped people off if I new a recession is about to occur and I short the market it doesn’t make me a crook it makes me smart and insightful, if I stole from people like Madoff then yes I am
@@josephfriday2661 Unlikely to get out of hand. Have people forgotten Korea? How About Vietnam? How about Soviet Afghanistan? (or even the US Afghanistan) There's TONs of Wars throughout the years and people are acting like nukes are even remotely being contemplated. They're NOT. Khruschev was banging his Shoe at the UN and saying that Communism would outlast Capitalism (Democracy). There's been LOTS of issues over the years. Nuclear Powers work it out conventionally. Putin's TOO Rich and TOO in control of his country to want to end up as a burnt out cinder from a hundred US Warheads. He knows it...We know it.
@@davidc2838 This war already has had more impact on the Western World, perhaps the whole world, than those recent “conflicts” you mentioned, but I do agree that it is unlikely to result in a nuclear war. I hope.
The Brutal BIASED pandering that he does. Jamie: Sell ALL your stocks...Put ALL your Money in MY BANK!! We'll give you a crappy LOW interest rate...and loan it out at many times the rate we pay you!! No Thanks Jamie. Get your scaredy-cat Banker's mentality out of the way. He's just mad that he didn't get his BIG $$$ Retention Bonus. So he's full of baloney. When you STOP investing in the future...it takes longer for the future to arrive. But ARRIVE it does. Put your money in the banks and sit on your hands is NEVER the best answer for the future.
He nailed it when he said getting rid of oil wont help C02 but will actually increase it as the poorer countries burn coal. This is common sense. Why do people not get this?
You and I understand what Jamie Dimon is explaining, but most people don't understand economics and the substitution effect of non-luxury essential items. The herd is stupid, and will believe whatever they are told, or want to believe.
@@Raging.Geekazoid ElErian talked about this type of stuff back in 2013. But Yellen was Fed Prez then and she was wimpy at tightening when the chance arose.
@@MrYatesj1 Legal Public Racism hasn't been there either...Since the late 60's. That should stay gone too. Common sense is alive and well...you just have a lot more people who blab away on comment boards with pollyanna versions of "The Good Old Days".
@@MusingsOAM its going to be a LONG WINTER for CRYPTO bulls and tech bulls. OIL is printing money like never before. everyday i look back at buying the covid lows in oil companies and just laugh all the way to the bank
The interesting thing is that we’ve been complaining about the fiscal debt of the government for years. Now they’re finally doing something about it. Whatever it takes to stop kicking the can down the road.
@@Menchman They're destroying the economy and might take the WHOLE thing down. They have ZERO control over the price of Energy (OIL, GAS, etc.) and they have ZERO control over the price of FOOD., both inelastic products that people need. Those are BOTH SUPPLY Constrained, as is Transportation and these are NOT issues that the Demand side can affect. People HAVE to Eat. People HAVE to have Energy (Gasoline, Heat, A/C, Power). There's just going to crash the economy AGAIN, because they can't admit when they don't have the power to change something. OIL prices WON'T get better until the War in Europe ends...or we move OFF of OIL for Ground Transportation. It's the same as in the 70's, Supply Shocks will drive prices up...and the Fed can't stop that.
@@davidc2838 seems we haven’t been in this situation ever before. That being said one of the things drawing consumption is spending. As rates go up spending goes down. As spending goes down and demand goes down speed of price hikes due to supply limitations will hopefully ease as things normalize. One thing fed can’t address is to address the issues. This is people and government who have largely become lazy
@@Menchman That's absurd. OF COURSE we've been in a similar situation before... In the 70's there was an OIL Supply Shock with Transportation costs skyrocketing. A MAJOR WAR between Communists and Democracies were going on. Inflation was HIGH. There was MAJOR Political Scandal, including a President. The US went off the Gold Standard and was printing Fiat Currency. There were MAJOR protest throughout the country. There was a Lack of Affordable Housing Mortgage Rates were Rising. These are BUSINESS CYCLES...Recessions Happen. Big Ones or Little Ones...they happen every decade or two. With a few Black Swan events thrown in for good measure...those happen every few years too. Wars are NOT new. Famines are NOT new. Housing Crashes are NOT new. Market Crashes are NOT new. Inflation is NOT new. Pandemics are NOT new. Trade Wars are NOT new. New Tech Bubbles are NOT new. They have ALL happened previously. They have often happened at or near the same time. People are using the word "Unprecedented" are just being lazy and not pattern matching with previous economic cycles. Get a grip people...this is ALL part of the show. Bankers are afraid of their own shadows showing up...even at night. He's just grumpy that the shareholders voted AGAINST his massive pay raise for "Retention"...when he doesn't need it. Time to stop over-paying CEOs for stuff they don't need...while their rank and file employees get beaten up with every downturn. Cheers!
He's sending a message that Banker's are chicken-shites...too afraid to build and buy things when they're the cheapest. That's why they're lenders...NOT Entrepreneurs.
Mr. Dimon sometimes may come across as Arrogant, but this man is intelligent. He understands economics like very few men do. In the short video he’s told us the truth and what we are facing now and what’s ahead.
@@constitutionofaxioms3387 You don't stop them...you break them. You get pissed enough and they "Bust the Trusts". Where's Teddy Roosevelt when you need him??
Where were people like Jamie Dimon a year ago to raise concerns about outrageous money printing and upcoming inflation? They were all enjoying skyrocketing profit gains. Now that profits are going down they all voice their concern. It's a messed up system that benefits no one, but crooks in the long run
Michale Burry and Peter Schiff talked about inflation. But how many people listened? Most of people were following Cathie Wood. Also, Jeremy Grantham warned a number of times but he was called perm bear.
You don't need the most well known banker to tell you what's going to happen if you stimulate the economy with all that liquidity.... You don't even need an econ degree.
The EU problem is the age structure. Retirees are a large part of the society and with QT and higher bond yield all pension funds will soon go bust. The worst part is, that many of them invested heavily in the housing sector which will be killed with QT in the next couple of months.
@@960john you are talking about the governmental pensions. I am talking about Riester Rente in Germany. I am living in EU. Almost everybody has a private pension here. with the governmental pension that you are talking about, you can only pay for your rent if you are lucky :-)
@@AH-fm7rj Oh, I'm sorry. I just learned not all EU countries are alike. In Italy government pensions is the standard, and you can live on it. We are even more socialist than you, apparently. Anyway, higher yields means higher future returns, that compensates for lower prices. Bundesbank has been complaining about Draghi's policies in the past because of low yields, and now they're asking for raising rates. So they don't see it as a problem.
The only good thing about famine and mass starvation is we won’t have to hear about climate change and pronouns anymore. Those are issues for the rich and bored, not the poor and hungry.
Thank God. I'm sick and tired of spoiled brats dominating social topics. I don't care who wants to bang who and the notion that EVs will replace combustion engines anytime soon is pure stupidity. The biggest beneficiary of climate change has been Elon Musk. Tesla would have never gotten off the ground in any other economic climate because it isn't feasible at this time.
I really respect Jamie Dimon's experience & knowledge. He knows what is going on in the world. We are going to pay for all those years of free money. It is gonna hurt.
Yeah, it's too bad that last year he was saying that the economy was going to be rosy from all the supposed growth coming from the Biden administration. His Keynesianism turned out to be his undoing.
keynesian economic theory says after QE there must be QT. At FED Deep down in there hearts they know what ever QE they did is wrong and it has consequences, Always they try to punt problem down the road(give bigger headache to next FED board)
@@PS_on_youtube GFC was triggered by Greenspan policies to do QT in 2007 after low interest rates and QE in 2000. Now in 2022 will be bigger upset than 2008
🙃Jamie Dimon is right.The inflation still goes higher,QT and higher interest rates will destroy asset value,real estate,stock,crypto,energy etc.And finally those people leveraged will lose almost all money on these bubbles,then bankrupt waves will bring recession or depression. People will pay everything for free money.
@Sim Now energy stock looks pretty well at present.However if the market finnally collapse,energy price will collapse sooner or later,just like what happened in 2008 financial crisis.
@@Nick-xo5mm Dalio has predicted more crashes than a demolition derby. If you go back and look at the 70's, the SAME thing would have happened then, according to Dalio. Civilizations FALL, when they can't / don't change what they are doing. Business cycles happen. Why people are acting like those are the "End of the World" is silly. Rebuild manufacturing, such as Chip Fabs, EV production, Rockets & Satellites, Advanced Manufacturing in the US and things will go back to normal. Financial Engineering is NO substitute for making things and using Tech well for manufacturing. There's a reason that Tesla started HERE in the US and NOT in China or Europe. Same with SpaceX and same with half a hundred other great companies. Having MBA's shipping manufacturing to cheap labor countries, instead of modernizing plants with Robots, Advanced Machinery, etc. was a foolish move by US (and European) corporations. We are seeing NOW why we need strategic manufacturing here in the US. What's happening in Ukraine / Russia / Europe could easily be happening in Taiwan / China / US (and Europe). Thinking longer term and strategically and not about where can we make the cheapest crap is needed NOW.
fed cant do QT because US cant service its debt, and recession slows the velocity of money further straining debt servicing. the market is pricing in a reversal of fed policy and continuation of QE. so while there will be a once in a generation crash, it will be the end of the US empire so its unlikely to occur until the proper time. right now financial leadership is not ready to transition into a CBDC system, and the fed hasnt used negative interest rates or other MMT which they will likely try. this means the market is likely to rebound to even higher overvaluation than before. its common to have high volatility at the end of an empire.
@@Aaron565 Things were WAY worse in the 70's from an Interest Rate, Inflation Rate, Jobless Rate, etc. and the US was involved in an Actual WAR that was costing WAY more than Ukraine is going to cost. There was ACTUAL competition from the USSR as a REAL potential threat both Militarily AND Economically. China hasn't gotten there militarily (yet)...and the Russian Federation will collapse eventually because Putin can't "Play well with others" in Europe and will LOSE most of the Russian Customers for its economy. The US will continue to be the GO TO Currency, the Go To Military (especially with NATO resurgence) and the GO TO place for On-shoring / Re-Shoring industry, Chip Plants, Battery Manufacturers, EVs, etc. in the US. China will continue to grow...but it's not there yet...and there will almost certainly be a conflict over Taiwan in a while that will make the Russian Debacle in Ukraine look like a mild screwup. A few quarters of recession is NOT the end of things...it's a normal part of the business cycle. The Pandemic and Shutdowns were NOT normal...neither was the aid provided. Now that will have to work its way out of the system over the next several years. People who "Continually predict Collapses" are usually VERY wrong when they can't understand up and down economies...that happen continuously through history.
Old story, 10/04/2015 already JP Morgan CEO Jamie Dimon announced the next financial crisis. While praising the solidity of his group, the CEO announces the new storm. "Some things never change, there will be a new financial crisis and its impact will be felt on the financial markets", predicts the ominous bird, while admitting to being unable to say what will set the fire this time to powders. Good luck Jamie for your short position on the market 👍👍
Doesn't seem that hard. Pick a monetary of yield curve target at a target time in the future . I e 30 yr over 10 year = 240 bps in 3 years based on best available insights. Tightening vs time. Divide into target into 3 steps. Take first step, watch curve response over time for impulse magnitude and time constant characteristic. I 30 o(t) = Mo* e^ (-rot). Refine M1 and r 1 to get I301o (t) closer to the target faster. Repeat for the last tranche. Refine and write a paper.
There are many ways to model interest rates going up and down , there is lots of historical data. There is no way to model QT, it has not been done for more than a short period. At 90 Billion a month, the Fed will be doing QT for the next decade. I find it funny that it has not really started yet (just 30 billion in June) and the Fed is getting pressure to stop it. Most of QE went into real estate, stocks and crypto.
They have to raise rates and perform QT. Sounds crazy but unemployment is too low and housing market is overheated. Combine with a supply shortage we have too much money and not enough resources to make use of it. The result is that money is wasted through inflation.
NO. They can slowly raise rates. The have almost ZERO power to stop Energy or Food Inflation...War + Supply Shortages. They also have almost Zero power to stop Transportation problems. War issues + Shortage of Truckers, Pilots & Other Logistics Professionals. Going "Volcker" is foolish because this is PRIMARILY Supply Issues inflation. The Fed can only impact demand on some thing.
@@davidc2838 Supply side, demand side doesn't matter. Inflation is TOO MUCH MONEY chasing TOO FEW GOODS. If you lower the money you bring the money in line with goods. Doesn't matter which side of the equation you change it will balance it. This WILL cause a recession, that's fine, we can deal with it once inflation has subsided. If you don't do it you will soon have both a recession and inflation. At that point every dollar you put into stimulus will just result in more inflation. Reducing money also reduces speculation in the oil market. Remove this speculation and I bet you'll see the price of oil drop significantly.
@@rackem6724 Baloney. Supply SHOCK is different than Supply Side. INELASTIC Demand items, like basic FOOD and ENERGY COMMODITIES are NOT impacted by Increasing the FED Funds Rate or QT. So it has almost ZERO impact on Food, Energy (OIL & Gas) and Transportation. If you raise interest rates it DOES NOT solve the inflation problem. People HAVE to Eat. If they have a job, they HAVE to get to work. Using a Hammer to fix something that needs a a scalpel will cause MORE damage not less. The only way inflation decreases on Energy, Food and Transportation, short of ending the War in Europe, is for enough replacement Supply to be generated by alternative sources. Wrecking the economy by cranking up interest rates will NOT solve the problem of inflation. Policy changes from the governments are needed to produce more Energy, Food, Transportation (Truck Drivers, Pilots, Logistics Personnel) to solve the inflation of those three key elements.
Why did we have Quantitative Easing (QE) it was a result of the 2008 subprime mortgage crisis, the financial markets inability to manage “Moral Hazard” and then sticking the American taxpayers with the bailout bill (Purchasing: Treasury bonds, Mortgage backed Securities, Corporate Bonds). The Fed. now has less room to maneuver when managing inflation. It must now increase interest rate and deploy Quantitative Tight (QT- sell all the bonds) from (QE) at the same time. The Financial markets act of moral turpitude and resulting overhang from 2008 has narrowed the ability of the Fed’s. to manage this and other shocks to the economy.
The Fed doesn't have to DO anything. The Fed can ONLY impact SOME demand. The MAJORITY of current inflation is SUPPLY DRIVEN SHORTAGES. The Fed and interest rates have almost ZERO ability to decrease Food Inflation. (People GOTTA Eat) The Fed and interest rates have almost ZERO ability to decrease Energy (OIL & GAS) inflation. (People GOTTA Drive / Ship Products) The Fed and interest rates have almost ZERO ability to decrease Transportation Costs Inflation...(Lack of Truck Drivers, Pilots, Port Employees, etc PLUS the HIGH Gasoline Costs and War related Transport issues.) The Fed and interest rates have almost ZERO ability to stop a War. (Wars are SUPER EXPENSIVE) and drop the economic output of countries involved in those Wars directly. (At least the US will get some Lend Lease Business) They're raising interest rates into a falling, negative growth economy. They're going to send the country (and thus the world) into a unnecessary Recession...while still NOT taming inflation in the areas above. Cheers!
We are already seeing it, in the decrease in buying power of new home owners via mortgages. Fire sale new builds. This may be bigger than 2008. Treasury yields are not even safe because the US gov is on the brink of default, even before COVID. And now with such injections of fiscal and monetary, a destructive pullback is inevitable. You should have some experts to talk about this Bloomberg.
In my opinion, the financial banks were very surprised ( Not Understanding the Investment, Waiting to Get Even ) how is it possible to make huge profits during the pandemic when the economies were at a standstill. So much so that they can no longer recruit, it's full employment in US. Company PER are very good.
given that energy , in particular oil is a major contributor to the inflation rate , how does raising interest rates reduce the price of oil given that its controlled by a cartel known as Opec ?
Amen Brother. Food & OIL / GAS are relatively inelastic demand whatever their prices. They will hurt the economy without actually changing the price of OIL / GAS or Food or Transportation.
I think gift cards, no name visa gift cards can replace cypocurrency. I do not understand why american investors are facing like 2008 or 2009 troubles because the US government cannot bail out the bank just like Chase, or Bank of america?
How did other countries not end up like us? There were governments in the world that paid their citizens a monthly stimulus check thru the entire pandemic. I got two checks for a minimal amount.
Also lawyers are a luxury service. They never do well with the exception of a few highly connected white shoe lawyers. The vast majority will suffer greatly
@@RightSideNews it’s sort of like in every profession there is the people who are in the in group which is a small percentage of the total population and then there are people who are sort of just in the trades
If real estate values come down, overextended creditors will be out on a limb, and the sharks-like Dimon- will most definitely pick up the pieces on the cheap.............it's in their nature
I disagree with you. Bankers are the least people who want the properties price drop. They are the biggest land owners in the world unless all the borrowers paid off their mortgage. 🤫
interest rates follow the laws of supply and demand: there was a lot of money in bank accounts between 1990/2022, it is normal for money to be cheap. There is still a lot money on the accounts, but the boomers only start in 2022 to nibble their stock of cash...
They ALWAYS have a choice. Supply Shocks (Food, Energy (OIL & GAS) and Transportation) are not impacted by QT or Interest Rate increases. Just mess up the Real Estate and Employment without actually stopping Energy / Food inflation.
A lot of liquidity in the system and interest rates well below the Inflation rate so they have to do QT. The question is what will the bid for treasuries be when the Fed is competing with the treasury to sell bonds. Will the credit markets freeze up?
@@info781 Yes, it will mature and the treasury will have to pay the principle back. Where will they get the money for that? They will probably get it from the Fed and will issue more treasuries, so it’s the same thing.
Qe should have never been done. Other then usa and eu, they call it printing money. Popularly known in zimbabwe and venezuela. Usa and eu money printing lasted longer cause it went global. Do u blame other countries for wanting to trade in other currencies and joining BRICS. Remember qe was invented by bernanke and implemented by obama-bernanke. Obama lectured china when they complained about usa continous qe. Petro $ gonna because obama-bernanke
They, usa and europe, think the world will have to keep financing their economy by using their currencies. Then they turn around and lectures the world y r u so poor and lazy. Lol
I'm not liking that he's so worried. I'm not liking that at all. Because he is usually a very relaxed, all knowing, mastermind wall street god. This is a different Dimon alltogether. Bad weather up ahead.
"the boss is in town" : we never stop an inflation without raising interest rate by considerably more the inflation went up" Former Treasury Secretary Larry Summers but here my question : But is it inflation? Isn't it a normal price leveling so that producers can want to produce again?
No. The inflation is not from supply chain, Russia or any of the other BS the media is feeding you. It’s because the Fed printed too much money. Plain and simple.
It's Supply Shortage inflation...NOT demand generated inflation. Energy, Food & Transportation are NOT under the control of the Fed. They WILL wreck the Housing Market though.
@@davidc2838 most of the inflation is actually being driven by energy costs. Every product and service you buy uses energy to be produced, transported, stored, etc. etc.
He wasn't so worried when the open pandora's box with QE. In fact he boasted "Our cup runeth over". Well now that you and all your hedge fund buddies went to the moon spilling your drinks you left us all here to deal with overpriced everything.
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Two best point he made are 1) data is currently so distorted. 2) we’re not dealing with the challenges we’re facing.
"YOU BETTER BRACE YOURSELF" QUOTE OF THE DECADE! This man is brilliant.
He's totally right about coal: it's cheap, plentiful and rich with energy. The honor of consumption goes to the cheapest and the best. If only the enviorn-mentalists had not outlawed nuclear in the 1980's we would be almost done burning coal AND oil.
@@stereomachine you’ve totally missed what he’s saying
Yep. Hippies are their own worst enemy
I mean Ukraine shows my Nuclear is a bad idea. An enemy will easily target them and inflict heavy damage. With japan Nuclear program failing in destruction a whole city, the cost of nuclear energy looks really high.
Baloney! Both Solar and Wind are cheaper than Coal. He's a Fossil Fuel Fudster they have HUGE accounts with the Fossil Fuel companies, who routinely bribe the Politicians....Jamie Dimon and the rest of the Dinosaurs don't know what the heck they are doing. OIL will ALWAYS be a problem until you get OFF of it. OPEC and OPEC+ can control the prices and the US CANNOT...Saudis produce OIL too cheaply for US Drillers to stay in business if the Saudis drop the prices, like they did before the pandemic.
Norway is ALREADY at 90% New Plug-In Vehicles this year and have plenty of charging stations in the country. They're one of the biggest producers of OIL and GAS in the World. But they understand that the future is EVs, Solar, Wind, Geothermal, Hydro, etc. Battery storage is part of the solution..
Instead of being at the same level as Norway...or at least Europe or China, the US has been suffering under the FUD of OIL companies and their bought and paid for politicians.
OIL companies help start WARS to keep the prices high or encourage them to continue...The US invades or Bombs a LOT of OIL producing countries...or tries to destabilize them. NOT by accident.
Time to get OFF the addiction to OIL..
@@Ultrajamz Fossil Fuel companies are EVERYONE's worst enemy. They bribe politicians to help destabilize OIL producing countries...and start WARS in countries that won't be destabilized.
The US should be the HIGHEST percentage of EVs, Battery Storage and Solar / Wind, instead we lag behind Europe, China and and consistently getting killed with higher prices, because OPEC is in control of them.
People only want to listen to him when it’s good news, but he knows what he’s talking about. Jamie Dimon is brilliant. Like it or not.
I think, in a real free market, he would have gone under ages ago.
@@cathymartens7478 100% agree, TARP bailout saved his bacon!
@@CL-ld2pu JPMorgan Chase was the one financial institution that came out of 2008 looking good. It was running itself well enough that it was able to buy up some of the struggling banks (who’s fines it had to pay later)
@@CL-ld2pu the banks and Auto manufacturers were forced to take government money regardless of their balance sheets seriously. The government under Bush and Obama could have backstop all the under water mortgage which would have allowed millions of lower income people to keep their homes instead they gave and forced the banks to take the money and the Bank also got the houses. Seriously Ford was also forced to take money and they didn't need or want it.But Gm was bankrupt and going to fold
JP Morgan Chase almost bankrupt the whole world. Without bailouts this bank will go under like many other banks. This is a criminal organization , paying only fines. If you and I made the same moves , we will be in jail. But not JP. Slapping on the hand and paying a fine. Thanks to the US government.
When somebody as a smart as Dimon says he scared as hell about the unknowns of QT, we all should be worried.
I want you to think back to 2008… you know who caused that? Men like this. Lmao. Don’t be scared… but don’t be blind either.
@@tbirdddd5818 He didn't cause it he actually predicted it and told his team to get rid of MBS's which is why they were the only bank to have positive earnings during it, it was Bear Stearns, Lehmann, Fannie and Freddie who caused it
@@adityag485 I need you to go back and think about that statement… if you managed to gain in times of crisis you’re a crook… lmfao.
@@tbirdddd5818 no clown it would be a crook if u ripped people off if I new a recession is about to occur and I short the market it doesn’t make me a crook it makes me smart and insightful, if I stole from people like Madoff then yes I am
@@adityag485 taking advantage of people makes you a crook…. No matter WHAT dumbass fucking color you paint it lol. “Smart and insightful”
Mr Dimon nailed it. I appreciate his insights.
Technically, there was war in Yugoslavia. But still, his point stands
Exactly, a very brutal one too! Everybody pandering to Jimmy and take everything without questioning!!!
But more like a civil war and constrained to the Balkan Peninsula, while this war involves the East against the West and could easily get out of hand.
Didn't Russia invade Georgia during Obama administration?
@@josephfriday2661 Unlikely to get out of hand. Have people forgotten Korea? How About Vietnam? How about Soviet Afghanistan? (or even the US Afghanistan) There's TONs of Wars throughout the years and people are acting like nukes are even remotely being contemplated. They're NOT.
Khruschev was banging his Shoe at the UN and saying that Communism would outlast Capitalism (Democracy). There's been LOTS of issues over the years. Nuclear Powers work it out conventionally. Putin's TOO Rich and TOO in control of his country to want to end up as a burnt out cinder from a hundred US Warheads. He knows it...We know it.
@@davidc2838 This war already has had more impact on the Western World, perhaps the whole world, than those recent “conflicts” you mentioned, but I do agree that it is unlikely to result in a nuclear war. I hope.
Appreciate the brutal honesty Jamie!
The Brutal BIASED pandering that he does.
Jamie: Sell ALL your stocks...Put ALL your Money in MY BANK!! We'll give you a crappy LOW interest rate...and loan it out at many times the rate we pay you!!
No Thanks Jamie. Get your scaredy-cat Banker's mentality out of the way. He's just mad that he didn't get his BIG $$$ Retention Bonus. So he's full of baloney.
When you STOP investing in the future...it takes longer for the future to arrive. But ARRIVE it does.
Put your money in the banks and sit on your hands is NEVER the best answer for the future.
He nailed it when he said getting rid of oil wont help C02 but will actually increase it as the poorer countries burn coal. This is common sense. Why do people not get this?
Common sense has not been common since the 50's.
You and I understand what Jamie Dimon is explaining, but most people don't understand economics and the substitution effect of non-luxury essential items. The herd is stupid, and will believe whatever they are told, or want to believe.
@@Raging.Geekazoid Say what?
@@Raging.Geekazoid ElErian talked about this type of stuff back in 2013. But Yellen was Fed Prez then and she was wimpy at tightening when the chance arose.
@@MrYatesj1 Legal Public Racism hasn't been there either...Since the late 60's. That should stay gone too. Common sense is alive and well...you just have a lot more people who blab away on comment boards with pollyanna versions of "The Good Old Days".
The silence in the end sends a chill down my spine.
Dollars don’t taste very good if you try to eat them. Governments can print money but they cannot print wheat or oil.
You’ve never had government cheese. There are songs about it.
@@MusingsOAM its going to be a LONG WINTER for CRYPTO bulls and tech bulls. OIL is printing money like never before. everyday i look back at buying the covid lows in oil companies and just laugh all the way to the bank
The interesting thing is that we’ve been complaining about the fiscal debt of the government for years. Now they’re finally doing something about it. Whatever it takes to stop kicking the can down the road.
What their doing now is not aimed at controlling debt. It is aimed at ensuring riots don’t break out over inflation.
@@Menchman They're destroying the economy and might take the WHOLE thing down. They have ZERO control over the price of Energy (OIL, GAS, etc.) and they have ZERO control over the price of FOOD., both inelastic products that people need. Those are BOTH SUPPLY Constrained, as is Transportation and these are NOT issues that the Demand side can affect. People HAVE to Eat. People HAVE to have Energy (Gasoline, Heat, A/C, Power).
There's just going to crash the economy AGAIN, because they can't admit when they don't have the power to change something.
OIL prices WON'T get better until the War in Europe ends...or we move OFF of OIL for Ground Transportation. It's the same as in the 70's, Supply Shocks will drive prices up...and the Fed can't stop that.
@@davidc2838 seems we haven’t been in this situation ever before. That being said one of the things drawing consumption is spending. As rates go up spending goes down. As spending goes down and demand goes down speed of price hikes due to supply limitations will hopefully ease as things normalize. One thing fed can’t address is to address the issues. This is people and government who have largely become lazy
@@Menchman That's absurd. OF COURSE we've been in a similar situation before...
In the 70's there was an OIL Supply Shock with Transportation costs skyrocketing.
A MAJOR WAR between Communists and Democracies were going on.
Inflation was HIGH.
There was MAJOR Political Scandal, including a President.
The US went off the Gold Standard and was printing Fiat Currency.
There were MAJOR protest throughout the country.
There was a Lack of Affordable Housing
Mortgage Rates were Rising.
These are BUSINESS CYCLES...Recessions Happen. Big Ones or Little Ones...they happen every decade or two.
With a few Black Swan events thrown in for good measure...those happen every few years too.
Wars are NOT new. Famines are NOT new. Housing Crashes are NOT new. Market Crashes are NOT new.
Inflation is NOT new. Pandemics are NOT new. Trade Wars are NOT new. New Tech Bubbles are NOT new.
They have ALL happened previously. They have often happened at or near the same time.
People are using the word "Unprecedented" are just being lazy and not pattern matching with previous economic cycles.
Get a grip people...this is ALL part of the show.
Bankers are afraid of their own shadows showing up...even at night. He's just grumpy that the shareholders voted AGAINST his massive pay raise for "Retention"...when he doesn't need it. Time to stop over-paying CEOs for stuff they don't need...while their rank and file employees get beaten up with every downturn.
Cheers!
QT doesn’t include paying their debts
Jamie is an Insider to everything money and economics. So he is sending a public message to his cohorts, to take heed on what's going to happen.
please dissect the message he's sending for us laymen people
He's sending a message that Banker's are chicken-shites...too afraid to build and buy things when they're the cheapest. That's why they're lenders...NOT Entrepreneurs.
Mr. Dimon sometimes may come across as Arrogant, but this man is intelligent. He understands economics like very few men do. In the short video he’s told us the truth and what we are facing now and what’s ahead.
Dimon makes so much sense.
lol not really
He is part of the systematic issue
@@nuclearblackhole ur not going to stop banks, lol
@@constitutionofaxioms3387 You don't stop them...you break them. You get pissed enough and they "Bust the Trusts". Where's Teddy Roosevelt when you need him??
Where were people like Jamie Dimon a year ago to raise concerns about outrageous money printing and upcoming inflation? They were all enjoying skyrocketing profit gains. Now that profits are going down they all voice their concern. It's a messed up system that benefits no one, but crooks in the long run
They were busy telling everyone that oil and energy stocks were dead money.
They were busy collecting bonuses on taxpayer-funded bailouts.
Michale Burry and Peter Schiff talked about inflation. But how many people listened? Most of people were following Cathie Wood. Also, Jeremy Grantham warned a number of times but he was called perm bear.
Exactly! They should be in jail
You don't need the most well known banker to tell you what's going to happen if you stimulate the economy with all that liquidity....
You don't even need an econ degree.
Better than most of the stand up comedy on youtube. Looks like storm clouds on the horizon.
The EU problem is the age structure. Retirees are a large part of the society and with QT and higher bond yield all pension funds will soon go bust. The worst part is, that many of them invested heavily in the housing sector which will be killed with QT in the next couple of months.
@@960john you are talking about the governmental pensions. I am talking about Riester Rente in Germany. I am living in EU. Almost everybody has a private pension here. with the governmental pension that you are talking about, you can only pay for your rent if you are lucky :-)
curious how higher bond yields kill the pensions? couldn't they take advantage of those safe yields?
@@AH-fm7rj Oh, I'm sorry. I just learned not all EU countries are alike. In Italy government pensions is the standard, and you can live on it. We are even more socialist than you, apparently. Anyway, higher yields means higher future returns, that compensates for lower prices. Bundesbank has been complaining about Draghi's policies in the past because of low yields, and now they're asking for raising rates. So they don't see it as a problem.
@@ScottEdwards2000 Destroys current bond value and deflates stock market value. Also inflation.
@@ScottEdwards2000 It destroys the value of current pension funds.
can you all at Bloomberg ban this Sean Yun guy pls? He annoying af, kept ranting
Nah he’s fine
he was carrying on about gold a few months back and that crashed. Now oil will crash soon if that's any indication
Translation: the fed is going to do the opposite of QT
At 90 billion a month it will take 10 years to pay off the 9 trillion, you wonder how long they will last.
Good one. Keep'em coming Bloomberg team!
Good luck with that. That’s like saying Ponzi must come clean.
The only good thing about famine and mass starvation is we won’t have to hear about climate change and pronouns anymore. Those are issues for the rich and bored, not the poor and hungry.
Thank God. I'm sick and tired of spoiled brats dominating social topics. I don't care who wants to bang who and the notion that EVs will replace combustion engines anytime soon is pure stupidity. The biggest beneficiary of climate change has been Elon Musk. Tesla would have never gotten off the ground in any other economic climate because it isn't feasible at this time.
This Man right God bless
I don't think he'll be heading upstairs.
Good prediction, historic liquidity tightening will likely destroy markets
Why didn't he warn about the hurricane two years ago? 😕
Because the hurricane wasn't visible until last month? The idea of calling a top two years into the future is funny.
I really respect Jamie Dimon's experience & knowledge. He knows what is going on in the world. We are going to pay for all those years of free money. It is gonna hurt.
Yeah, it's too bad that last year he was saying that the economy was going to be rosy from all the supposed growth coming from the Biden administration. His Keynesianism turned out to be his undoing.
Nope, Just six day before he was all rainbows and no worries!!!
These comments have to be paid… are you forreal ?
Ironically in America we popularized the saying "ain't no free lunch".
All these years? This is because of 2020 and 2021. Had the FED kept doing QT in 2018 and leveled off maybe we have not been in this mess.
keynesian economic theory says after QE there must be QT. At FED Deep down in there hearts they know what ever QE they did is wrong and it has consequences, Always they try to punt problem down the road(give bigger headache to next FED board)
wasn't it powell all this time though
@@chachachacha4879 It started in 2008 by Ben after that Janet now Powell
@@laxmipsarva And even before that with Greenspan 2000!
@@MrYatesj1 QE (as we know it today) wasn't a thing until 2008. The GFC is what triggered it.
@@PS_on_youtube GFC was triggered by Greenspan policies to do QT in 2007 after low interest rates and QE in 2000. Now in 2022 will be bigger upset than 2008
Jamin Dimon is one of the few that says it how it is,
🙃Jamie Dimon is right.The inflation still goes higher,QT and higher interest rates will destroy asset value,real estate,stock,crypto,energy etc.And finally those people leveraged will lose almost all money on these bubbles,then bankrupt waves will bring recession or depression.
People will pay everything for free money.
@Sim Now energy stock looks pretty well at present.However if the market finnally collapse,energy price will collapse sooner or later,just like what happened in 2008 financial crisis.
Isn't that SUPPOSED to happen per Dalio's Changing World Order?
@@Nick-xo5mm Dalio has predicted more crashes than a demolition derby. If you go back and look at the 70's, the SAME thing would have happened then, according to Dalio. Civilizations FALL, when they can't / don't change what they are doing. Business cycles happen. Why people are acting like those are the "End of the World" is silly. Rebuild manufacturing, such as Chip Fabs, EV production, Rockets & Satellites, Advanced Manufacturing in the US and things will go back to normal. Financial Engineering is NO substitute for making things and using Tech well for manufacturing. There's a reason that Tesla started HERE in the US and NOT in China or Europe. Same with SpaceX and same with half a hundred other great companies.
Having MBA's shipping manufacturing to cheap labor countries, instead of modernizing plants with Robots, Advanced Machinery, etc. was a foolish move by US (and European) corporations. We are seeing NOW why we need strategic manufacturing here in the US.
What's happening in Ukraine / Russia / Europe could easily be happening in Taiwan / China / US (and Europe). Thinking longer term and strategically and not about where can we make the cheapest crap is needed NOW.
fed cant do QT because US cant service its debt, and recession slows the velocity of money further straining debt servicing. the market is pricing in a reversal of fed policy and continuation of QE. so while there will be a once in a generation crash, it will be the end of the US empire so its unlikely to occur until the proper time. right now financial leadership is not ready to transition into a CBDC system, and the fed hasnt used negative interest rates or other MMT which they will likely try. this means the market is likely to rebound to even higher overvaluation than before. its common to have high volatility at the end of an empire.
@@Aaron565 Things were WAY worse in the 70's from an Interest Rate, Inflation Rate, Jobless Rate, etc. and the US was involved in an Actual WAR that was costing WAY more than Ukraine is going to cost. There was ACTUAL competition from the USSR as a REAL potential threat both Militarily AND Economically.
China hasn't gotten there militarily (yet)...and the Russian Federation will collapse eventually because Putin can't "Play well with others" in Europe and will LOSE most of the Russian Customers for its economy.
The US will continue to be the GO TO Currency, the Go To Military (especially with NATO resurgence) and the GO TO place for On-shoring / Re-Shoring industry, Chip Plants, Battery Manufacturers, EVs, etc. in the US. China will continue to grow...but it's not there yet...and there will almost certainly be a conflict over Taiwan in a while that will make the Russian Debacle in Ukraine look like a mild screwup.
A few quarters of recession is NOT the end of things...it's a normal part of the business cycle. The Pandemic and Shutdowns were NOT normal...neither was the aid provided. Now that will have to work its way out of the system over the next several years.
People who "Continually predict Collapses" are usually VERY wrong when they can't understand up and down economies...that happen continuously through history.
Old story, 10/04/2015 already JP Morgan CEO Jamie Dimon announced the next financial crisis. While praising the solidity of his group, the CEO announces the new storm. "Some things never change, there will be a new financial crisis and its impact will be felt on the financial markets", predicts the ominous bird, while admitting to being unable to say what will set the fire this time to powders. Good luck Jamie for your short position on the market 👍👍
Jamie 2018: I'm worried about the beginning of the Quantitative Tightening
Jamie 2022 : Quantitative Tightening is necessary
Bankers will be bankers 😅
He said that the QT is necessary
@@guidedbygreen1480 ah yes, why did I say QE
In 2018 inflation was relatively low. Around 2.4%, not the 9% we have today.
This is a learned and knowledgeable person.
Doesn't seem that hard. Pick a monetary of yield curve target at a target time in the future . I e 30 yr over 10 year = 240 bps in 3 years based on best available insights. Tightening vs time. Divide into target into 3 steps. Take first step, watch curve response over time for impulse magnitude and time constant characteristic. I 30 o(t) = Mo* e^ (-rot).
Refine M1 and r 1 to get I301o (t) closer to the target faster. Repeat for the last tranche. Refine and write a paper.
these are the people who is stealing your 401k
Stick to energy, health and utilities stocks
Transfer of wealth from the people to the banksters continues
Well, I'd say QE has been performed many times in history and typically results in... well... inflation.
There are many ways to model interest rates going up and down , there is lots of historical data. There is no way to model QT, it has not been done for more than a short period. At 90 Billion a month, the Fed will be doing QT for the next decade. I find it funny that it has not really started yet (just 30 billion in June) and the Fed is getting pressure to stop it. Most of QE went into real estate, stocks and crypto.
They have to raise rates and perform QT. Sounds crazy but unemployment is too low and housing market is overheated. Combine with a supply shortage we have too much money and not enough resources to make use of it. The result is that money is wasted through inflation.
there's no where to go with money except into equities
@@altaviaje They are a good buy even now. It is going to get worse until the Fed starts taking this seriously.
NO. They can slowly raise rates. The have almost ZERO power to stop Energy or Food Inflation...War + Supply Shortages.
They also have almost Zero power to stop Transportation problems. War issues + Shortage of Truckers, Pilots & Other Logistics Professionals. Going "Volcker" is foolish because this is PRIMARILY Supply Issues inflation. The Fed can only impact demand on some thing.
@@davidc2838 Supply side, demand side doesn't matter. Inflation is TOO MUCH MONEY chasing TOO FEW GOODS. If you lower the money you bring the money in line with goods. Doesn't matter which side of the equation you change it will balance it. This WILL cause a recession, that's fine, we can deal with it once inflation has subsided. If you don't do it you will soon have both a recession and inflation. At that point every dollar you put into stimulus will just result in more inflation.
Reducing money also reduces speculation in the oil market. Remove this speculation and I bet you'll see the price of oil drop significantly.
@@rackem6724
Baloney. Supply SHOCK is different than Supply Side.
INELASTIC Demand items, like basic FOOD and ENERGY COMMODITIES are NOT impacted by Increasing the FED Funds Rate or QT.
So it has almost ZERO impact on Food, Energy (OIL & Gas) and Transportation.
If you raise interest rates it DOES NOT solve the inflation problem.
People HAVE to Eat. If they have a job, they HAVE to get to work.
Using a Hammer to fix something that needs a a scalpel will cause MORE damage not less.
The only way inflation decreases on Energy, Food and Transportation, short of ending the War in Europe, is for enough replacement Supply to be generated by alternative sources.
Wrecking the economy by cranking up interest rates will NOT solve the problem of inflation.
Policy changes from the governments are needed to produce more Energy, Food, Transportation (Truck Drivers, Pilots, Logistics Personnel) to solve the inflation of those three key elements.
Why did we have Quantitative Easing (QE) it was a result of the 2008 subprime mortgage crisis, the financial markets inability to manage “Moral Hazard” and then sticking the American taxpayers with the bailout bill (Purchasing: Treasury bonds, Mortgage backed Securities, Corporate Bonds). The Fed. now has less room to maneuver when managing inflation. It must now increase interest rate and deploy Quantitative Tight (QT- sell all the bonds) from (QE) at the same time. The Financial markets act of moral turpitude and resulting overhang from 2008 has narrowed the ability of the Fed’s. to manage this and other shocks to the economy.
The Fed doesn't have to DO anything. The Fed can ONLY impact SOME demand.
The MAJORITY of current inflation is SUPPLY DRIVEN SHORTAGES.
The Fed and interest rates have almost ZERO ability to decrease Food Inflation. (People GOTTA Eat)
The Fed and interest rates have almost ZERO ability to decrease Energy (OIL & GAS) inflation. (People GOTTA Drive / Ship Products)
The Fed and interest rates have almost ZERO ability to decrease Transportation Costs Inflation...(Lack of Truck Drivers, Pilots, Port Employees, etc PLUS the HIGH Gasoline Costs and War related Transport issues.)
The Fed and interest rates have almost ZERO ability to stop a War. (Wars are SUPER EXPENSIVE) and drop the economic output of countries involved in those Wars directly. (At least the US will get some Lend Lease Business)
They're raising interest rates into a falling, negative growth economy. They're going to send the country (and thus the world) into a unnecessary Recession...while still NOT taming inflation in the areas above.
Cheers!
We are already seeing it, in the decrease in buying power of new home owners via mortgages. Fire sale new builds. This may be bigger than 2008. Treasury yields are not even safe because the US gov is on the brink of default, even before COVID. And now with such injections of fiscal and monetary, a destructive pullback is inevitable. You should have some experts to talk about this Bloomberg.
LONG LIVE AMERICA AND AMERICAN DEMOCRACY
In my opinion, the financial banks were very surprised ( Not Understanding the Investment, Waiting to Get Even ) how is it possible to make huge profits during the pandemic when the economies were at a standstill. So much so that they can no longer recruit, it's full employment in US. Company PER are very good.
given that energy , in particular oil is a major contributor to the inflation rate , how does raising interest rates reduce the price of oil given that its controlled by a cartel known as Opec ?
Amen Brother. Food & OIL / GAS are relatively inelastic demand whatever their prices. They will hurt the economy without actually changing the price of OIL / GAS or Food or Transportation.
Quantitative Teasing?
genius speaking of the elephant in the room that most shy away from the effects of QT!!!!
He owns the Fed, sit on its board.
Why we ( USA ) exporting oil too 185 different Countries? Instead of using it hear.
We need better leaders with long term good plans.
What is a non-operating deposit?
View of a hurricane from 50,000 feet! Minimally, volitile. Very foreboding for Biden.
what about gold ?
I think gift cards, no name visa gift cards can replace cypocurrency. I do not understand why american investors are facing like 2008 or 2009 troubles because the US government cannot bail out the bank just like Chase, or Bank of america?
wow, I just changed my perspective on Dimon after that
Preach!
How did other countries not end up like us? There were governments in the world that paid their citizens a monthly stimulus check thru the entire pandemic. I got two checks for a minimal amount.
all other countries are like this, US is in better position since every major economy except Russian ruble has dipped against the Dollar.
And the market does not give an F! New highs right around the corner. Imagine that!
And your reasoning is based on what exactly, a wild hunch perhaps?
Bankers will be alright along with the lawyers always.
I don't know why you think bankers will be all right since banks have been wiped out in the past.
Also lawyers are a luxury service. They never do well with the exception of a few highly connected white shoe lawyers. The vast majority will suffer greatly
@@exnihilonihilfit8645 I suppose I stand corrected.
@@RightSideNews it’s sort of like in every profession there is the people who are in the in group which is a small percentage of the total population and then there are people who are sort of just in the trades
In the long run bankers will be fine and lawyers will be automated to oblivion
If real estate values come down, overextended creditors will be out on a limb, and the sharks-like Dimon- will most definitely pick up the pieces on the cheap.............it's in their nature
Ya you say it like it’s a bad thing
I disagree with you. Bankers are the least people who want the properties price drop. They are the biggest land owners in the world unless all the borrowers paid off their mortgage. 🤫
That's a big IF. Real estate in my opinion is the strongest asset right now.
@@GoodEvenings It is when he CAUSES some of the problems.
@@caroldegraa1 They own the DEBT...NOT the land. If the deal is good enough, they will take the land...but true bankers don't want the land.
When we are in 100% with Dimon, it means that we are completly fuuuuucked
2:34 "Europe hasn't had a European land war since 1945". Wrong Balkan wars culminating in NATO interventions happened in the 90s.
"all those who love climate change" ? give me a break
They always know something.
I didn't realise oil and gas is used to 'eat' citizens.. he must be referring to barbecues
QT & QE mean ?
No QT in July
Rates need to be at 25%
The environment haha! Water,food, shelter.
By any "means"
interest rates follow the laws of supply and demand: there was a lot of money in bank accounts between 1990/2022, it is normal for money to be cheap. There is still a lot money on the accounts,
but the boomers only start in 2022 to nibble their stock of cash...
DP is beter than QT
What is DP?
@@cheaserceaser glad you asked. DP is double penetration.
@@ernestodeavila8076 Why is double penetration better than quantative tightening?
@@cheaserceaser because it makes the women orgasim
1:20 we never will have QT like this, they do not have a choice
They ALWAYS have a choice. Supply Shocks (Food, Energy (OIL & GAS) and Transportation) are not impacted by QT or Interest Rate increases. Just mess up the Real Estate and Employment without actually stopping Energy / Food inflation.
@@davidc2838 bro I only cited from the video...xD chill tf down
@@FG-fc1yz Get an original thought and STFU
So what can you do… buy gold?
What was the Bosnia-Herzegovina WAR in the 1990's ? Was that in Antarctica?
Who the hell knows? Ight time short 10, 20, 30 years treasuries.
Scary...
Ask the Weimar Republic if they had another choice besides money tightening 😂😂🤣
he is incorrect. there was a european land war in the early 90's. former yugoslavia...
Oil is green energy! It's organic and it's not coal. Ok, let's drill.
And it’s also renewable as carbon based organisms are constantly dying!
4th turning. We at at the tail end of ‘the end’
YESSSSS !!!! U SHORTS BETTER PAY UP !!!!!!!!!
Selling treasure to who ?
I do not appreciate what the federal reserve people or chase bank CEO said because they do not stand with the public side
We're fucked.
A lot of liquidity in the system and interest rates well below the Inflation rate so they have to do QT. The question is what will the bid for treasuries be when the Fed is competing with the treasury to sell bonds. Will the credit markets freeze up?
Another question is who will buy?
@@TheHighborn Exactly.
One third of it will just expire.
@@info781 Yes, it will mature and the treasury will have to pay the principle back. Where will they get the money for that? They will probably get it from the Fed and will issue more treasuries, so it’s the same thing.
Interest-based capitalism system always collapse, how many time we need to repeat 🔃
Qe should have never been done. Other then usa and eu, they call it printing money. Popularly known in zimbabwe and venezuela. Usa and eu money printing lasted longer cause it went global. Do u blame other countries for wanting to trade in other currencies and joining BRICS. Remember qe was invented by bernanke and implemented by obama-bernanke. Obama lectured china when they complained about usa continous qe. Petro $ gonna because obama-bernanke
And then obama wanted to end china imports. He went to vietnam. Lol, he never heard of vietnam war or agent orange. Bet the vietnamese remember.
They, usa and europe, think the world will have to keep financing their economy by using their currencies. Then they turn around and lectures the world y r u so poor and lazy. Lol
We are f'd 👀
I'm not liking that he's so worried. I'm not liking that at all. Because he is usually a very relaxed, all knowing, mastermind wall street god. This is a different Dimon alltogether. Bad weather up ahead.
speak some sense to them Jamie
Jamie Dimon for president,he is the only adult in the room!
haha you are selling right into his arms
Please..............................
"the boss is in town" : we never stop an inflation without raising interest rate by considerably more the inflation went up"
Former Treasury Secretary Larry Summers
but here my question : But is it inflation? Isn't it a normal price leveling so that producers can want to produce again?
No. The inflation is not from supply chain, Russia or any of the other BS the media is feeding you. It’s because the Fed printed too much money. Plain and simple.
It's Supply Shortage inflation...NOT demand generated inflation. Energy, Food & Transportation are NOT under the control of the Fed. They WILL wreck the Housing Market though.
@@davidc2838 bright!
@@davidc2838 most of the inflation is actually being driven by energy costs. Every product and service you buy uses energy to be produced, transported, stored, etc. etc.
Sorry...we did had land wars even after 1945...
When Jamie talks, u listen and just do the inverse on what he said... u will be safe
We are all going to die!!!!!
Everyone except Jesus, he came back to life
It's way to early for QT
Why??
@@mikek.9980 Allow the market to bottom out on its own, Deflation is coming at the end of the year
He wasn't so worried when the open pandora's box with QE. In fact he boasted "Our cup runeth over". Well now that you and all your hedge fund buddies went to the moon spilling your drinks you left us all here to deal with overpriced everything.
Repent of your sins and turn to God. Know that God and the Son is one and the same. The only way to the Father is Through Faith in the Son! Have Faith in Jesus Christ! The Kingdom of Heaven is here now!!!!
When we going to get stimmie checks? I ready also to get my student loans forgiven so I can buy a house and car.
Joe Biden will pay for all your wants and needs, no worries man
The fiscal and monetary response to the pandemic was 4x the GFC that is the problem. Talk about an overreaction.
Coal