JPMorgan CEO Jamie Dimon said in a letter to shareholders that the U.S. banking crisis is not over, and that even when it does end, its impact will linger for years, while warning that America seems to moving into a “vicious cycle.” “As I write this letter, the current crisis is not yet over, and…
JPMorgan CEO Says Bank Crisis Not Over, America Shifting Into a ‘Vicious Cycle’
‘Pro-American, Optimistic, Pro-Business’: JP Morgan CEO on His Love for Florida and Texas
March 7, 2023
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Jamie Dimon, CEO of JP Morgan Chase, expressed his choice of Florida and Texas for their pro-business approach, suggesting that other states have much to learn from these red states. “We’ve loved Florida. We’re growing in Florida left and right, you know, small businesses, large companies … I’ve forgot how many total employees we have…
JPMorgan CEO Jamie Dimon Warns of ‘Calamity,’ ‘Global Depression’ Without Oil and Gas
Despite the international community’s pledge to depend on renewable energy to achieve its net-zero emissions goal by 2050, the world will need oil and gas for the next 50 years, says JPMorgan Chase CEO Jamie Dimon. While speaking in an interview with CNBC in Davos, Switzerland, on Thursday, Dimon warned that if the global economy…
Jamie Dimon Says That Interest Rates Will Rise Above 5 Percent Because of ‘Underlying Inflation’
January 19, 2023
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JPMorgan Chase CEO Jamie Dimon believes U.S. interest rates will likely rise above 5 percent because of “underlying Inflation.” This is higher than what the Federal Reserve is currently projecting, as inflation remains stubbornly high. The Fed has raised its benchmark interest rate in December to a targeted range of 4.25–4.5 percent, the highest level in 15 years, in order…
Jamie Dimon Says America Needs a ‘Marshall Plan for Energy’ With More Fossil Fuel Production
December 12, 2022
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Jamie Dimon, the CEO of JPMorgan Chase, says America needs a ‘Marshall Plan for energy’ to significantly boost domestic energy production, as oil and natural gas costs rise. Dimon repeated his call to build up American energy infrastructure while speaking at a panel on CBS’s Face the Nation, on Dec. 11. The Marshall Plan, named…
Jamie Dimon Sees ‘Easy 20 Percent’ Drop in Stocks but Warns It Could Be Worse
October 14, 2022
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JPMorgan Chase CEO Jamie Dimon commented that it was unlikely that the Federal Reserve would be able to slow the economy without causing a “tough” recession. Dimon spoke at a financial industry conference in Washington on Oct. 13 where he made his prediction. He said that Wall Street could suffer another “easy 20 percent” drop, plunging the…
Jamie Dimon Bats for Musk’s Twitter Takeover: ‘I Hope Musk Cleans Up Twitter’
October 11, 2022
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Jamie Dimon, the CEO of JPMorgan Chase, hopes Elon Musk’s takeover of Twitter would be for the good, and is looking toward more flexibility on the platform. “I hope Musk cleans up Twitter,” Dimon said in an interview with CNBC, while adding that the Tesla founder should look into wiping out anonymous accounts from the…
PayPal Pivots, Won’t Police ‘Misinformation’; JPMorgan: Recession Coming in 6–9 Months | NTD Business
A top bank CEO is warning that a U.S. recession is coming in less than a year—and a major stock index could fall again big-time. Ben Bernanke wins the Nobel Prize for economics, almost 15 years after the Great Recession. What are the results of his 15-year long experiment? Elon Musk weighs in on tensions…
‘This Is Serious’: JPMorgan Chase CEO Warns US Recession Coming in 6 to 9 Months
JPMorgan Chase CEO Jamie Dimon warned that the United States is likely going to head into recession territory in the next six to nine months, adding that the S&P 500 could fall by “another easy 20 percent” in the near future. “I mean, Europe is already in recession … and they’re likely to put the U.S….
Drill for a Greener Planet
September 26, 2022
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Commentary One of the worst movies ever made–apart from the bottomless pit of direct-to-video fare—has got to be 2003’s “The Core,” starring Hilary Swank and the insufferable Stanley Tucci. Swiping the Booby Prize long held by 1977’s “Exorcist II: The Heretic,” this “save the planet from itself” journey to the soft Tootsie Roll center of…
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