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Yeah, Dimon seems not to be reversing from his “get over it” response to tariffs in January as he is saying he assumed there would be / there needs to be a plan for resolving this without an extended trade war. Basically, he seems to be arguing that he expected a short-term modest increase in tariffs along the Nixon model (10% unless you revalue against the dollar) versus what Trump unveiled with no clear approach for resolving the rates imposed.Jamie is a politician. Of course he changed his tune when his job is on the line
I think you may be correct but, IMO, Jamie has only ever done what was best for Jamie and not for anyone else but maybe I'm jaded bc of his stupendous ignorance in the past. IDK, like trump et al I'm kinda tired of hearing/reading him discuss financial matters. He, again IMO, thinks he's on par with Morgan when it comes to finance and he's not. (Not that Morgan was a champion of the everyday man either but at least he was a brilliant financial guy)Yeah, Dimon seems not to be reversing from his “get over it” response to tariffs in January as he is saying he assumed there would be / there needs to be a plan for resolving this without an extended trade war. Basically, he seems to be arguing that he expected a short-term modest increase in tariffs along the Nixon model (10% unless you revalue against the dollar) versus what Trump unveiled with no clear approach for resolving the rates imposed.
BTW, he also challenged proposed top earner tax cuts and said the Buffet Rule (minimum tax for the wealthiest) should be adopted, which is laughably unlikely in this Congress …
Politicians and supposedly smart business people all believe Trump has a bottom and predict accordingly. He doesn't.It seems pretty clear that no one in the financial world expected more than targeted tariffs and big tax cuts - the latter the reason for their support.
I don't think so. But that was around 4:30am. As others have noted. it bounced back a good bit. We will see where it opens.Hey Krafty, by chance do you have the DOW number and the NASDAQ number reversed?
I am not arguing whether to hold him or his opinions in high regard so much as being aware that many in the markets do.I think you may be correct but, IMO, Jamie has only ever done what was best for Jamie and not for anyone else but maybe I'm jaded bc of his stupendous ignorance in the past. IDK, like trump et al I'm kinda tired of hearing/reading him discuss financial matters. He, again IMO, thinks he's on par with Morgan when it comes to finance and he's not. (Not that Morgan was a champion of the everyday man either but at least he was a brilliant financial guy)
Oh I understand your stance and I agree with you! Apologies if it seemed like I was disagreeing bc I absolutely wasn't! Just stating my opinion on the guy! Whether I'm correct or not...IDK...but agreed, many do regard his opinion high. They shouldn't, but they do.I am not arguing whether to hold him or his opinions in high regard so much as being aware that many in the markets do.
Looking forward to trump saying something about this then peddling tesla as the answerI don't think so. But that was around 4:30am. As others have noted. it bounced back a good bit. We will see where it opens.
European car manufacturers are putting a temporary hold on car shipments to us. In fact, Audi has a ship waiting, and will keep on wait I guess at the port or off coast, for awhile.
Yeah, CNBC’s implied open looked to to be off which is what I was referencing.I don't think so. But that was around 4:30am. As others have noted. it bounced back a good bit. We will see where it opens.
European car manufacturers are putting a temporary hold on car shipments to us. In fact, Audi has a ship waiting, and will keep on wait I guess at the port or off coast, for awhile.
American has enjoyed immense benefits from being the hub of the global economy for decades, but the power to control includes the power to destroy. So while we're all rightly focused on Trump's Thanos-like destruction of America, let's not ignore what he's doing to the rest of the world as well. Asian markets today, for example --Dow opens -1200. Already down to -1500