I

 

just can't stand this guy for a long time now.

Jamie Dimon says the Federal Reserve has ‘lost a little bit of control of inflation’

Ever since he wore "presidential cuff links" to

the senate banking Committee hearing a while back.

“The U.S. economy right now is doing quite well. Consumers have a lot of money. 

They’re spending it. 

Jobs are plentiful,” Dimon said. 

“That’s today. Out in front of us, there’s some scary stuff. You and I know there’s always uncertainty. That’s a normal thing.”

(Hey, Yo? Out of touch much?

Peace and prosperity much?

Almost 57% of Americans cant afford $1000 emergency yet this stuffed shirt, pencil pushin' billionaire, worlds richest banker etc says:

“The U.S. economy right now is doing quite well. Consumers have a lot of money. They’re spending it. Jobs are plentiful."

1) Consumers dont have "a lot of $", it's all gone just like the bank rate article says.

2) They are spending it because prices keep going up. Not because, "The U.S. economy right now is doing quite well."

3) Jobs are plentiful and are going to continue to be as this is a demographic shift in the workforce that was inevitable with an aging population and lower birth rates. Covid, early retirement, and people just getting sick of the hamster wheel of working harder and harder for less and less all expedited this problem. It isn't just going to go away. 1.7? 1.9? Jobs for every person looking? And it wont be fixed anytime soon.

I'd love a chance to just ask these nitwits a few questions sometime...

and?

"almost half of the world’s population lives in countries with double-digit inflation."

That aint normal Yo.

It's not a crisis that's coming, 

It's a collapse.

He was talking about it not all that long ago saying there's a hurricane brewing etc.

I wonder what changed his mind?)