Sonali Basak reviews the key takeaways from JPMorgan CEO Jamie Dimon’s annual letter to shareholders. In the letter, Dimon warned that the recent banking crisis will be felt for years and also commented on using AI, geopolitics and the firm’s activities in Ohio. Basak speaks on “Bloomberg Surveillance.”
Follow Bloomberg for business news & analysis, up-to-the-minute market data, features, profiles and more: http://www.bloomberg.com
Connect with us on…
Twitter: https://twitter.com/business
Facebook: https://www.facebook.com/bloombergbusiness/
Instagram: https://www.instagram.com/quicktake/?hl=en
source
WOW BREAKING NEWS!!!!!!!!!!!:) ———– > GOLD PRICE IS EXPLODING NOW!!!!!!!!!!!!:) ——- > Gold Futures – Jun 23 (GCM3) Real-time 2,016.35 +15.95 (+0.80%) 10:00:58 Real-time Data Currency in USD Prev. Close: 2,000.4 Bid/Ask: 2,015.85 / 2,016.85 Day's Range:
AGIAN AND AGIAN US$ +US T – DEBT ARE NO LONGER SAFE HAVEN ASSETS THAT ONLY GOLD + ENERGY ARE THE SAFE HAVEN ASSETS!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!:) ——– > TOOOOOOOOOOOOOOOOOOOOOOOOOOOOO MUCH DEBT IS THE BIGGEST EVER PRICE DRIVER FOR THE COMMODITY PRICES ESP GOLD + ENERGY!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!:)
ONLY SAFE HAVEN ASSETS ARE GOLD + ENERGY THAT WE WILL SEE GOLD PRICE GETTING INTO THE 3K$ – 3.5K$ RANGE THIS YEAR + OIL PRICE IS GETTING BACK TO ITS 130$ BB/LS TO 140$ BB/LS IN THIS YEAR BECAUSE OF TOOOOOOOOOOOOOOOOOOOOOOOO CHEAP MONEY PRICES (= INTEREST RATES) EVERYWHERE ESP FROM CHINA USA EUROPE + JAPAN + ALMOST ALL OF ECONOMIES!!!!!!!!!!!!!!!!!!:)
THERE WILL BE MORE AND MORE AND MORE BAKING SYSTEM FAILURES BETWEEN JUNE TO SEP OF 2023YR BASED ON + 99.98990% PROBABILITY BECAUSE OF TOOOOOOOOOOOOOOOOOOOOOOOOOOOOOOOOOO MUCH DEBT IN THE ECONOMY + WE MAY SEE A REAL DEFAULT OF US T – BONDS THIS YEAR BECAUSE OF AGAIN AND AGIAN TOOOOOOOOOOOOOOOOOOOOOOOOOO MUCH DEBT = SPENDING NOW!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!
Jamie Dimon and Jeffrey Ep-ste-in were buddies, didn't he just do a deposition…tough times ahead. A guy you can trust..wink.
MATH NEVER TELL YOU A LIE THAT ——- > US IS NOW BECOMING A 3RD WORLD COUNTRY AND ITS ECONOMY IS IN DECLINE INCREDIBLY FASTER THAN MARKET'S EXPECTATIONS!!!!!!!!!!!!!!!:) MORE AND MORE AND MORE AND MORE AND MORE DIVIDED SOCIETY AND FIGHTING EACH OTHER AND NO MORE UNITED STATES EXISTS INDEED = THE HARD TRUTH!!!!!!!!!!!:!) ——- > END OF US$ + T – DEBT!!!!!!!!!!!!!:)
Jamie has been in control of JPMC for 20 years? Suddenly the economy in all this time makes more sense. The man should be arrested, not praised. He's on his second round of crashing the market in his criminal career!
Here we go another white feminist entitled woman will probably be given this job.
For being the new American face of oppression, they sure do get a lot of high paying jobs.
NOW US ECONOMY IS ALMOST DEAD AND ITS BANKING SYSTEM IS GOING TO BE MUCH MORE UNSTABLE BECAUSE NOW NOBODY WANTS TO BUY US T – DEBT THAT'S WHY THERE ARE A HUGE VOLATILITIES GOING ON AND ON AND ON MEANS US PEOPLE ARE GETTING INCREDIBLY POORER AND POORER NOW!!!!!!!!!!!!!:)
AGAIN AND AGAIN ONLY GOLD + ENERGY ARE THE SAFE HAVEN ASSETS AGAINST CURRENCIES THAT WE ARE SEEING THE END OF CURRENCY ERA INDEED!!!!!!!!!!!!!!!!!:) TOOOOOOOOOOOOOOOOOOOOOOOOOOOOOOOOOO MUCH DEBT IN THE ECONOMY CANNOT GO FURTHER FROM HERE THAT AGAIN US FED HAS NO OTHER OPTIONS BUT TO HIKE ITS FUNDS RATE INTO +7% -+8% THIS YEAR!!!!!!!!!!!!:)
AGAIN AND AGIAN NOW WE ARE SEEING THE LAST MOMENT OF US$ + BITCOIN + CHINA YUAN (+H.K$) EURO POUND + STOCKS BONDS + REAL ESTATE SECTOR THAT AGAIN US$ + T – BONDS ARE NOT SAFE HAVEN ASSETS ANYMORE MEANS THERE WILL BE MUCH MUCH MUCH MUCH MORE POLITICAL CONFLICTS + ECONOMIC DISASTERS HURRICANING THE ENTIRE ECONOMY!!!!!!!!!!!!!!!!:)
P.S GUY + ALIX ——— > THIS IS NOT THE SITUATION ' CALM BEFORE STORM' BUT THIS IS THE SITUATION 'ECONOMIC RECESSION BEFORE ECONOMIC ARMAGEDDON' !!!!!!!!!!!!!!!!!!!!!:) OK?!!!!!!!!!!!!!!!!! AGAIN AND AGIAN THIS IS NOT A JUST NORMAL ECONOMIC CYCLE LIKE BOOM AND BURST!!!!!!!!!!!! ——– > WE ARE HEADING TOWARDS THE BIGGEST EVER ECONOMIC ARMAGEDDON SINCE THE BEGINNING OF THE 20TH CENTURY AS I'VE SAID MANY TIMES ALREADY SINCE THE 3RD Q OF 2022YR THAT BECAUSE WE HAVE TOOOOOOOOOOOOOOOOOOOOOOOOOOOOOOOOOOOOOOOOOOOO MUCH DEBT IN THE ECONOMY ESP USA CHINA EUROPE + JAPAN + AUSSIE NZ CANADA S KOREA TAIWAN + ALMOST ALL OF EM(S)!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!:)
Please get Tom Keene off the show. This guy is terrible on camera…and he interrupts everyone💯
WOW BREAKING NEWS!!!!!!!!!!!:) ———– > GOLD PRICE IS EXPLODING NOW!!!!!!!!!!!!:) ——- > Gold Futures – Jun 23 (GCM3) Real-time
Watchlist 2,038.00 +37.60 (+1.88%) 11:10:28 Real-time Data Currency in USD Prev. Close: 2,000.4 Bid/Ask: 2,037.50 / 2,038.50 Day's Range:
1,994.05 – 2,042.85
🥳
Jamie Dimond, runs a relatively clean ship in jp Morgan compared to other banks, Jamie Dimond has great moral compass compared to other banking ceo's
I think there are about $20tln in deposits in the US. So $1tln moving from regional to money centre banks. So this is @ 5% of total…..so what.
INDEED WE ARE SEEING THE END OF US$ EXCEPTIONALISM THAT NO MORE KINGUS$ IS PLAYING IN THE FINANCIAL MARKET THAT DURING THE ECONOMIC RECESSION US$ GOES STRENGTH + US T – BONDS (= DEBT) YIELDS GO DOWN HOWEVER NOW NO MORE SUCH CONTRADICTORY DYNAMICS WORKING FOR THE US$ + THE US T- DEBT AS AN EXCEPTIONAL SAFE HAVEN ASSETS THAT NOW ——- > AS I'VE SAID MANY TIMES THAT INEVITABLY US FED + BOJ + ECB + PBOC + OTHER CENTRAL BANKS WILL HAVE TO HIKE THEIR INTEREST RATES BASED ON MORE THAN +99.9999870% PROBABLITY THIS YEAR BUT US$ + US T- DEBT ARE GOING WEAKER AND WEAKER AND WEAKER AND MUCH WEAKER THAN EVER BEFORE BECAUSE OF TOOOOOOOOOOOOOOOOOOOOOOOOOOOOOOOOOOOOO MUCH DEBT + 10000000% DIVIDED US SOCIETY POLITICALLY + IDEOLOGICALLY!!!!!!!!!!!!!!!!!!!!!!!:)
WOW BREAKING NEWS!!!!!!!!!!!:) ———– > GOLD PRICE IS EXPLODING NOW!!!!!!!!!!!!:) ——- > Gold Futures – Jun 23 (GCM3) Real-time
Watchlist 2,038.00 +37.60 (+1.88%) 11:10:28 Real-time Data Currency in USD Prev. Close: 2,000.4 Bid/Ask: 2,037.50 / 2,038.50 Day's Range:
1,994.05 – 2,042.85
THE BOTTOM LINE IS THAT NO MORE UNITED STATES OF AMERICA BUT 1000000000% FACT IS THAT TOTALLY DIVIDED STATES OF AMERICA = MEANS WE MAY SEE A REAL DEFAULT OF US T – DEBT THIS YEAR + MORE THAN +89% PROBABILITY US GDP GROWTH FOR 2023YR WILL BE (-) GROWTH!!!!!!!!!!!!!!!!!:)
The banking system does not have enough high quality collateral (US treasuries).
There isn't enough dollars in the global monetary system to service USD denominated debt.
Triffin's dilemma. That's the problem. It isn't complicated.
There's a conflict of interest in having a billiolaire and financier at the Treasury. Industries, lobbies, wealthy people want to set the rules in the interest of whole "society". Very much like SVB's Ceo working for the FED at the same time. US looks a lot like Russia
SO AS I'VE SAID ALREADY THAT NOW US ECONOMY IS DOING AN IMPOSSIBLE GAME TO PLAY WITH MANY ECONOMIC FACTORS ESPECIALLY US 30YR FIXED MORTGAGE LOANS THAT ALMOST +70% OUT OF TOTAL HOME BUYERS HAVE THAT AGAIN ——- > THOSE HOME BUYERS WITH FIXED 30YR HOME MORTGAGE LOANS BASED ON AVG +3% RANGE DURING 2019YR – 2022YR – 2021YR TILL 1ST Q OF 2022YR CANNOT BE SUSTAINED FOR THE NEXT 3DECADES AS WE CAN DO THE MATH SOOOOOOOOOOOOOOOOOOOOOOOOOOO EASILY MEANS THERE WILL BE INEVITABLY MORE AND MORE AND MORE AND ,MORE BANKING SYSTEM'S FAILURES HURRICANING THE ENTIRE FINANCIAL SYSTEM!!!!!!!!!!!!!!!:)
Sonali is gaining some weight…her current buddy type is my dream’s girl buddy type 😘
You have the best banking CEO ever and are crying about women not having room to take his job lmao
Smh
Looks like JP Morgan wants to build me a Mayan temple, or no, that is the government of Spain. For the United States, a full body sculpture, we are talking ten or twelve meters at this point.😂😅
The removal of the Glass-Steagall Act in the late 1990s, which contributed to the spectacular failure of large banks during the financial crisis of 2007–2008, was a very poor choice. Dodd-Frank and this law both need to be reinstated immediately in order to avert another catastrophe. If nothing is done to address the current situation, what occurred with SVB is only the beginning of what will occur.
What's Tom's beverage of choice?
I’m less and less impressed with Bloomberg every day – the reporting here is uninformed unintelligible and inaccurate. They have hired sensationalists instead of experienced seasoned reporters familiar with market history, access, reputation, and a firm understanding of how current events and factors influence financial outcomes
Bloomberg has become utter dog shit
We saw the entire video which speaks the truth. KJP is a vile horrid specimen. Clearly she’s been groomed
RD18 NEWS DIRECT EMAILS YEAR 2023 HAPPY EASTER ! BLOOMBERG NEW YORK USA. MASTERCARD WORLDWIDE USA CEO. CITIGROUP USA 1. HSBC GROUP 1. AMCHAM HK. NRF USA 1. IHA USA 1. NRF FOUNDATION USA 1. IMF USA GOV DIRECT EMAILS YEAR 2023. EXIM USA GOV.
AMCHAM HK DOMAIN IT SYSTEMS.
….why does it have to be a woman?
Why isn't Dimon in prison?
When Jamie leaves, I'd sell JP Morgan in a heartbeat.
Jamie of the swindling JP Morgan Stanley Banks should be in prison for tax evasion and banking fraud robbing the customers blind and manipulation of the markets for selfish illegal gain's
JP Morgan and the 1929 ticker tape lie
Old JP Morgan got filthy rich from the scheme's
MONEY, WEALTH & MAN- 2023 $$$
Since ancient times man has had a need for barter
Which is a French word that means to exchange or trade.
Before we relied on paper or metal coins
Arrangements for food, clothing and shelter were made.
As man developed, there was more to be exchanged
And one of the earliest forms of cash was cattle.
He who owned the most livestock was the richest man
Purchasing slaves, soldiers and weapons for battle.
Paper has been used since the tenth century A.D.
Because it was easier to carry than coin.
Used by every civilized country in the world
As their economies merged and joined.
Some say that money is the root of all evil
Though the substance of evil is none other than man.
It's not money that causes most of what's wrong
But the ignorance of man, and his misguided hand.
A nation’s wealth is not it's wheat, oil or gold
But the people who live there both young and old.
Their wealth is a product of man’s daily toil
Be they swing wars saber or plow God's soil.
By Tom Zart
Most Published Poet On The Web
Tom’s 1,650 Poems Are Free To Share!
Google = George Bush Tom Zart
Maybe it is time to admit that the keynesian economic experiment of over 100 years was a terrible idea…
Jamie's shareholder letter is the least of his concerns. Just wait until Epstein Island videos emerge for all to see.
SVB's collapse hasn't made anything better. I feel sad that even though I am investing, I don't have the brain power to dig through how each company is doing, is this a good time to buy stocks or not, my reserve of $450K is laying waste to inflation and I don't know what to do at this point tbh, I need solid data on market trajectory
🥲🥲🥲🥲🥲🥲🥲🥲😎😎😎😎😎😎❤️❤️❤️❤️
What a crock. Talking heads that read scripts and for the most part have no understanding about what they are reading!
man of the 1980s
avoiding academic literature since 1995
rule of law international law must return so there goes highly leveraged ultra-competitive global capitalism banking consolidated
pentagon yoda said it would suck
no safety net
rich who don't know why their rich
poor who don't know why their poor
authoritarianism "Trump asked the military to size voting machines"
Putin went into Texas size Ukraine Xi wants a 168-island chain of 20+ million
yea now the Navy has to enforce the law sorry Bankers it's over
it worked you got Netflix
but now it's going to just be competitive global capitalism not ultra-competitive global capitalism
the wild west is over so to speak
who knew my English 101 professor would be a Dr. with a highly relevant list of authors that explain nearly everything
I suppose the transfer credit board screwed me over for a good reason
a book list