Independent thinking for complex markets and current events
Now it’s Jamie Dimon’s turn, JP Morgan’s highly visible CEO is the latest to make the 2008 comparison. Following up last year’s cockroach quip this time saying a lot of people in the financial industry have done dumb things. But here’s the thing, markets all over the world are starting to price it. The worry …
JPMorgan Chase is getting ready to lend against crypto. That is confirmed. The bank is now developing loan products backed by client-held Bitcoin and Ethereum. The Financial Times reported the move on July 22. A rollout could start next year. The irony is hard to ignore. Jamie Dimon once called Bitcoin “a fraud.” Now his …
In a recent CNBC appearance, Jamie Dimon acknowledged that voters support Trump for his stances on critical issues like the economy, immigration, and China. Despite disliking Trump’s communication style, Dimon emphasized the importance of respecting fellow citizens’ perspectives. He cautioned against negative discourse around MAGA, suggesting it could have repercussions for Biden’s campaign. Dimon’s insights …