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The Ides of March

Posts Tagged ‘Jamie Dimon Pisces

314: Sorkin on Jamie Dimon running for President in 2020

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Andrew Ross Sorkin, NY Times:

On Wall Street, there’s been a running parlor game about whether Jamie Dimon, JPMorgan Chase’s chief executive, would try to run for president in 2020. His annual letters, filled with commentary on U.S. policy, have only increased the chatter, and this year’s letter, released Thursday, is no different. It touches on everything from trade to immigration. While Mr. Dimon, who once called himself “barely a Democrat,” says he plans to stay at the bank for the next five years, the question among political prognosticators is whether Mr. Dimon’s policy views could ever find a home among voters in this politically polarized environment.

Mr. Dimon’s sensible letter was seemingly supportive of some of President Trump’s policies, while taking the opposing side on others. Mr. Dimon particularly applauded the corporate tax cut and deregulation efforts. On China trade, Mr. Dimon writes: “It is not unreasonable for the United States to press ahead for more equivalency,” and that “one of the administration’s best arguments is that negotiation alone has not worked.” However, he said he would like to see more cooperation with U.S. allies on talks with China and added that the U.S. should “revisit the Trans-Pacific Partnership.”

On immigration, he called for tougher border control, writing, “American citizens have the right to complain that we have not successfully protected our borders since the last immigration reform in 1986.” He also said, “People immigrating to this country should be taught American history, our language and our principles.” At the same time, he also advocated for “a path to legal status and citizenship” for “Dreamers” and improving “merit-based immigration” programs so that immigrants educated here can stay.

For more of Andrew Ross Sorkin’s article:

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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

Written by harenews

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