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The Ides of March

Posts Tagged ‘Jamie Dimon Pisces

313: Jamie Dimon Warns ‘Something Is Wrong’ With the U.S.

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JPMorgan Chase & Co. Chief Executive Officer Jamie Dimon has two big pronouncements as the Trump administration starts reshaping the government: “The United States of America is truly an exceptional country,” and “it is clear that something is wrong.”

Since the turn of the century, the U.S. has dumped trillions of dollars into wars, piled huge debt onto students, forced legions of foreigners to leave after getting advanced degrees, driven millions of Americans out of the workplace with felonies for sometimes minor offenses and hobbled the housing market with hastily crafted layers of rules.

Read more on visas: Dimon alarmed that foreigners can’t stay

Dimon, who sits on Donald Trump’s business forum aimed at boosting job growth, is renowned for his optimism and has been voicing support this year for parts of the president’s business agenda. In February, Dimon predicted the U.S. would have a bright economic future if the new administration carries out plans to overhaul taxes, rein in rules and boost infrastructure investment. In an interview last month, he credited Trump with boosting consumer and business confidence in growth, and reawakening “animal spirits.”

More at Bloomberg

https://www.bloomberg.com/news/articles/2017-04-04/dimon-still-optimistic-warns-something-is-wrong-with-u-s

Written by harenews

May 20, 2017 at 9:12 am

313: Jamie Dimon: Trump has awaken America’s “Animal Spirits”

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President Trump’s economic agenda has “woken up the animal spirits” in the U.S., according to J.P. Morgan Chase & Co chairman and chief executive officer Jamie Dimon.

During an interview with Bloomberg TV, Dimon said Trump’s pro-growth agenda has reinvigorated business owners and consumers alike.

“[It] will be good for growth, good for jobs, good for Americans,” Dimon said.

“Animal spirits” is a term coined by famed economist John Maynard Keynes to describe emotions and instincts that help bolster consumer confidence.

On “Your World” today, market watcher Larry Glazer said those “animal spirits” are absolutely necessary if we’re going to get the economy booming again after the “slow-growth Obama years.”

He said that a number of consumer sentiment and confidence indexes show that Americans are feeling better about the economy, and much of that can be attributed to President Trump.

“When you at the Election Day moving forward, there’s no doubt sentiment has changed,” Glazer said. “Businesses feel more optimistic about the future. And that’s what you need for companies to commit capital.”

Written by harenews

March 13, 2017 at 7:34 pm

313: Jamie Dimon on Trump Victory

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JPMorgan CEO Jamie Dimon sent a memo to his staff urging his team to “listen” to the voices of the people that have elected Donald Trumpand voted for Brexit.

He says leaders in the public and private sector need to work together to find solutions for more people.

Read the full memo below:

We are going through a period of profound political and economic change around the world, and American citizens showed that deep desire for change in voting to elect Donald Trump as the 45th President of the United States. We have heard through democratic processes in both Europe and the United States the frustration that so many people have with the lack of economic opportunity and the challenges they face. We need to listen to those voices.

We have just been through one of the most contentious elections in memory, which can make it even harder to put our differences aside. But that makes it more important than ever to bind the wounds of our nation and to bring together Americans from all walks of life. Recognizing that our diversity is a core strength of our nation, we must all come together as fellow patriots to solve our most serious challenges.

Leaders from across the public, private and nonprofit sectors need to collaborate to find

 

Bottom of Form

America is best when we come together with clear leadership, expertise and the political will to take on difficult challenges and get things done. No one should ever doubt the strength and resilience of our country and our democracy.

JPMorgan Chase has a proud history of supporting our communities and our countries. Through your outstanding efforts, we have built a great company that will continue to thrive — as we continue to focus on helping to serve our clients and communities. We will also continue to help address the important public policy issues of the day and the underlying economic challenges throughout the world.

I’m optimistic about America’s future and the role our company will continue to play as we help the nation address our challenges and move forward together.

—Jamie

See http://www.cnbc.com/2016/11/09/jamie-dimon-memo-on-donald-trumps-victory.html

Written by harenews

November 9, 2016 at 6:31 pm

313: Detroit’s Angel: Jamie Dimon

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Part-time Angel Investor and full time J. P. Morgan CEO, Jamie Dimon, has put his money where his mouth is and invested $100M in the recovering Detroit economy.

http://finance.yahoo.com/news/jpmorgan-s-big-bet-on-detroit-222521923.html

Written by harenews

October 4, 2016 at 7:28 am

313: Jamie Dimon Calls Hilary Clinton The Bigot She Is

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Jamie Dimon came to the defense of his fellow bankers on Monday, and went after Hillary Clinton while he was at it.Jamie Dimon said: “When people blanket a whole class of people…that’s just unfair.”

http://www.cnbc.com/2016/10/03/jpmorgan-ceo-dimon-goes-after-clinton-for-attacking-a-whole-class-of-people.html

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October 4, 2016 at 7:12 am

313: Jamie Dimon predicting another financial Crisis

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JPMorgan CEO Jamie Dimon, who was born on March 13, 1956, said in his recent letter to shareholders that last year’s volatility in US Treasuries is a “warning shot” to the world that the next financial crisis could be exacerbated by a shortage of the U.S. Treasuries.

According to Dimon, The October 15, 2014 gyration, when U.S. Treasury yields fluctuated by almost 0.4 percentage point in one day, was an “unprecedented move” that could have profound consequences in a stressed environment,

According to Dimon,  U.S. Treasuries are supposed to be among the most secure and stable of all securities. It’s just a matter of time until some political, economic or market event triggers another financial crisis, he said, without predicting one is imminent.

Written by harenews

April 10, 2015 at 2:57 am

313 President of the Only State Owned Bank

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John Henry Hoeven III (born March 13, 1957) is the senior United States Senator fromNorth Dakota. A member of the North Dakota Republican Party, he previously served as the 31st Governor of North Dakota from December 2000 to December 2010. Hoeven was elected to the U.S. Senate in the November 2, 2010 general election. He replaced junior Senator Byron L. Dorgan, who chose not to seek re-election.

Prior to his election to the Governor’s office, Hoeven served as the president of the nation’s only state-owned bank, the Bank of North Dakota, from 1993 to 2000.

Written by harenews

August 30, 2013 at 5:43 am