Why oh why would jd be so worried about a national debt crisis???

S

S2007S

This is quite intriguing, worried about the debt crisis? Come onnnnn Really??? You have got to be kidding me..... Seems like the bigger the concerns and the bigger the crisis the bigger the banks get .....why even consider any worries when the fed will come in and backstop and print free money for every single crisis that occurs no matter how crazy the magnitude of the crisis is. ....


Jamie Dimon believes U.S. debt is the ‘most predictable crisis’ in history—and experts say it could cost Americans their homes, spending power and national security
Eleanor Pringle
Sun, February 11, 2024 at 4:30 AM EST



https://finance.yahoo.com/news/jamie-dimon-believes-u-debt-093000484.html
 
Interest rates will go up. How much floating rate debt do you have? How many stocks that are interest rate sensitive do you invest in? Already happened in the U.K. and government debt fell very quickly. Turned out pension funds were holding government debt five times leveraged and had to be bailed out.
 
Inflation is spreading into the cost of living, will need to print welfare money for food and rent.
Half of corporate revenue comes from gov't overspending, system has too much overhead and deadwood.
 
notagain said:
Inflation is spreading into the cost of living, will need to print welfare money for food and rent.
Half of corporate revenue comes from gov't overspending, system has too much overhead and deadwood.
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Ahhhhh you just said something wallstreet would never in a trillion yrs admit.....

How most of these corporate earnings are juiced by government overspending and government handouts like TARP, QE and historical low 0% rates like the US just had for decades.
 
Dimon is just another Wall Street scammer who benefited from TARP and eventually the US government hedge funds to clear out junk mortgages aka Maiden Lane I & II. I'm sure the Feds are already working on backstopping the coming CRE collapse. More Maiden Lane entities to gobble them up & continue extend and pretend. They learned their lesson from Lehman Brothers.
 
S2007S said:
This is quite intriguing, worried about the debt crisis? Come onnnnn Really??? You have got to be kidding me..... Seems like the bigger the concerns and the bigger the crisis the bigger the banks get .....why even consider any worries when the fed will come in and backstop and print free money for every single crisis that occurs no matter how crazy the magnitude of the crisis is. ....


Jamie Dimon believes U.S. debt is the ‘most predictable crisis’ in history—and experts say it could cost Americans their homes, spending power and national security
Eleanor Pringle
Sun, February 11, 2024 at 4:30 AM EST



https://finance.yahoo.com/news/jamie-dimon-believes-u-debt-093000484.html
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EVERYONE whose assets are denominated in $USDs should be worried about the "debt crisis" (not that we can do anything about it). At some point the world will "give up" on the $USD... and it will plunge to "near zero" as a store of value and medium of exchange. That being... no matter how many dollars you have, they won't be worth monopoly money. (History has shown this over and over again.)

Not an immediate "crash threat", but rather an erosive one for now... crash dynamics evolving going forward.

Don't be a fool thinking, "it doesn't matter". It always has through history!! US Congress, Biden, and Obama primarily to blame.
 
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Scataphagos said:
EVERYONE should be worried about the "debt crisis" (not that we can do anything about it). At some point the world will "give up" on the $USD... and it will plunge to "near zero" as a store of value and medium of exchange. That being... no matter how many dollars you have, they won't be worth monopoly money. (History has shown this over and over again through history.)

Not an immediate "crash threat", but rather an erosive one for now... crash dynamics evolving later.

Don't be a fool thinking, "it doesn't matter". It always has through history!!
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The only reason why I say it doesn't matter is for reasons that the fed will come to the rescue of anything crisis related along with the government ... I don't see the dollar plunging to worthless monopoly in our lifetime. But before that would ever happen the fed reserve would make sure everything is fixed and solved ...so basically the fed will rescue any faults in the monetary system..
 
S2007S said:
The only reason why I say it doesn't matter is for reasons that the fed will come to the rescue of anything crisis related along with the government ... I don't see the dollar plunging to worthless monopoly in our lifetime. But before that would ever happen the fed reserve would make sure everything is fixed and solved ...so basically the fed will rescue any faults in the monetary system..
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IMV, you refuted your own statement... "the Fed will come to the rescue... all Fed rescues are mere band-aids." Each time they do, the $USD experiences an "inflationary, currency debasement" to some degree. At some point, the $USD becomes effectively squadoush!.. unless policy changes.
 
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S2007S said:
Ahhhhh you just said something wallstreet would never in a trillion yrs admit.....

How most of these corporate earnings are juiced by government overspending and government handouts like TARP, QE and historical low 0% rates like the US just had for decades.
More...

All you need to know how corrupt the system is is when AIG received their bail out money their first instinct was to hand out bonuses.

https://www.nytimes.com/2009/03/15/business/15AIG.html

We are all living in a feudal society.
 
Why would anyone listen to Jamie Dimon, a CEO of a bank. Everything he says is just meant to convince you to put all your money in his bank.
 
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