Jamie Dimon
speaker
1,379 appearances
70 recordings
17 series
first heard Sep 2024
last heard 16 Jul
Jamie Dimon’s voice in public audio — every appearance, attributed to the second.
Trend
recordings per month · last 12 monthsRecordings per month over the last 12 months — 54 in all, peaking in Jan 2026 with 25.
Appearances
Just the interest on the existing debt, not any debt that's going to be accrued in the future, is about $1 trillion a year. That's more than the defense budget. That's more than Medicaid and food stamps and disability insurance all rolled together.
There are two sorts of people who weren't warned about this. There are people who have something to sell like gold coins or fishy investment products who have been warning about it for way before 50 years. And then there are thoughtful people who look at the escalating numbers and get alarmed. And they've wound up looking foolish very often over the years.
And that's precisely because nothing has happened. But now you have many people sounding the alarm all around the same time.
It fits into it in a pretty negative way, because if you look at all the government projections that one sees of what's going to happen to debt and deficits, they're already fairly dire, but they have to assume that current law holds. And current law means that the 2017 tax cuts during the first Trump administration would have expired at the end of this year.
So things were bad enough there, and the one big beautiful bill is going to extend them and pile other What is the concern exactly? That the national debt can reach a level that the system will kind of stop working? What are they worried about? Es ist wirklich so psychologisch wie ein finanzielles Problem.
So when you talk about Doge coming in and firing a bunch of federal employees, you could not cut enough spending just to cover just the interest bill on what we owe, much less begin to pay that back and whittle down. And you also at the same time have this trade war going on. And those two things happening at once, the one big beautiful bill act.
Und die Handelskriege, die auch ihren Growth verhindern wird, niedrigerer Growth ist schlecht für das Finanzieren des Defizits. Und es ist wirklich unmöglich zu sagen, wann es einen Tipppunkt gibt, aber es ist sicher, dass es einen gibt.
Wenn man Einwohner von 20-Jahre-Bonds auslösen würde, würde das Menschen schmerzen, die Ausgaben würden steigen und das könnte selbstverbrechlich werden, weil je höher die Ausgaben sind, desto teurer ist es, die Existenz der Ausgaben zu finanzieren. Die Art und Weise, wie es in den Vereinigten Staaten aussieht, wäre sehr anders als in Argentinien, Türkei oder Russland.
Scott Besson sagte über den Wochenende, wir werden niemals auf unsere Zinsen zahlen. Du kannst ihm glauben, aber es ist egal, weil es eine indirekte Art ist, auf Zinsen zu zahlen, nämlich nicht reale Geld zu haben, um diese Bonds zu kaufen. Und das ist der echte Angst.
Das wäre finanziell das Äquivalent von Zinsen zu zahlen, weil du eine sehr rapide Inflation hättest, wenn du auf die FED gebeten hättest, um das für dich zu tun.
And then how it affects consumer sentiment. Sorry. Personally expect a recession. I am going to defer to my economists at this point, but I think probably that's a likely outcome.
Yeah. I always remind people markets aren't always right, but sometimes they are right. And I think this time they are right because they're just pricing uncertainty at the macro level and uncertainty at the micro level, at the actual company level. And then how it affects consumer sentiment, it's hard to tell. You know, consumers still have jobs.
Wages are going up to the low end, which I think is a good thing. But if companies start cutting back, yeah, the consumer sentiment changes and business sentiment changes. I think you've already seen business sentiment change a little bit. Hopefully, you know, no one's wishing for that, but hopefully if there is one, it'll be short.
But I do think fixing these tariff issues and traders should be a good thing to do. Benny. Recession.
It says, remember, yeah,
President.
She's just... I was just as appalled.
Can you do 10? Hold on, he's doing it. Oh my gosh. What if he gets stuck? He's going to take the whole thing.
Senator Ileana Garcia has legislation in the Florida Senate to ban geoengineering and weather modification in the state of Florida. I support the legislation. The Florida House of Representatives has gutted Senator Garcia's legislation, and they would actually codify the practice of geoengineering and weather modification.
People got a lot of kooky ideas that they can get in and put things in the atmosphere to block the sun and save us from climate change. We're not playing that game in Florida. I support what Senator Garcia is doing, and I hope that people will tell the House of Representatives in Florida, do not gut this bill.
Showing 1301–1320 of 1,379 · page 66 of 69
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