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Your guide to Washington and the world for the 2024 election of the United States
Every year, JPMorgan President Jamie Dimon, using the head of the largest bank, explained how the world has worked on how the world has worked through a long letter. This year’s main audience is not a white house and not so much investor as a new present. However, the owners of JPMorgan shares will therefore thank him.
Dimon 58-page MISLIVE It is a exercise in mixing with political wallpaper. US President Donald Pats again to adopt the mistakes adopted by Trump’s new management. A little man in Joe Biden team really understands his job. Now the red ribbon is cut; Invalid policy is being discarded.
In the tariffs, Dimon is running by saying something that excites very exciting. About a quarter since the middle of February, JPMorgan’s shares may prevent the topic of the fall. And acknowledges that they can cause inflation and perhaps the recession. However, the message was sweetened by the American trading partners with the post-tariff negotiations and a positive impact.
This is more diplomatic to the Hedge Fund when praising Trump to fight a broken system, more diplomatics from Bill Ackman, warned Sunday “Self, economic nuclear winter“.
As soon as JPMorgan has been placed well enough to trade. It is true that the goods and services are flowing freely among the borders, global banks are the best. Investment Bank fees are now looking once is less likely to cancelOpen initial public sacrifices are left in the left, right and center. However, the deal comes with the deal, in any case, JPMorgan’s income is only one in the income.
One recession would no doubt be bad for borrowers – and for the book of JPMorgan $ 233 billion – but Dimon’s bank provides double growth rates. Facilitates credit and capital increase ability, surprisingly remains in balance sheet. In fact, one of his complaints is that the rules of difficult capital rules less than what banks want.
In this way, I saw a white house animus, a greater danger than an economic storm that could explain the tone variable in Dimon’s other topics. Went hostage Fight with the division of racial wealth. Climate change, once a priority, only fleets. Trump did not create any mystery in both subjects.
Of course, messaging is perfectly rational. And Trump is really Dimon’s boss, the bank’s luck mixes together with the United States. The veteran banker may also be inspired that the president is likely to pay attention to a vertical warning more than in the shout.
In addition, in about two decades, JPMorgan’s heads should not really win shareholders. Although the last slip of the stock gave more than 20 percent returns over the past five years. If these letters of love in America helps this performance, investors must allow Dimon’s heart’s content.
