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Posted on 12/12/2012 6:07:11 AM PST by blam
JAMIE DIMON: The Table Is Set For Booming 4% Growth, And 200K New Jobs Per Month
Joe Weisenthal
December 12,2012
Jamie Dimon is on LIVE at the Dealbook conference talking fiscal cliff, the economy, and public policy.
We're taking notes during his Q&A. Anything not in direct quotes.
-- Says odds are politicians will do something between December 21 and December 28.
-- On the impact of going over the cliff it might not be horrible... but it might be.
-- 'We are one decision away from restoring our moral and fiscal authority in the world.... let's just do it."
-- With confidence, stability, good decisions, we could be a few months away form 4% growth and 200K new jobs per month. Says the table is set. Consumer is ready. Housing is turning.
-- Says relationship with White House is "fine" but that it's good that The White House is reaching out more.
-- Asks about perception of Wall Street. Dimon is proud of Wall Street. Notes that two former governors of Illinois are in jail. Dimon tells Sorkin: "I don't judge you because someone was a bad reporter at The New York Times a couple years ago."
-- Sorkin: "How do you think about money?" Is it true that you said as a kid that you wanted to be rich.
"I don't like that we have increasing inequality in The United States." Biggest problem: Inner-city education. Minorities not getting opportunities.
-- The US is still the best place in the world to do business. Huge opportunities in the world.
-- Dimon: If you could only invest in one country in the world, it would be the US.
-- Dimon slamming stupid immigration policies, where we're pushing "the best and the brightest" immigrants away.
(snip)
(Excerpt) Read more at businessinsider.com ...
Biggest problem: Inner-city education. Minorities not getting opportunities.
It’s ALWAYS inner city education and Minorities not getting opportunities.
This nation could give every black in this nation a million dollars, a 100,000 dollar a year government job and the finest schools ever imagined:
1) Detroit would still be Somalia
2) Black crime rate would still be high
3) teen black pregnancy would still skyrocket
4) Black schools scores would continue to fall
5) Blacks would still blame whites for not getting free HBO with their free cable.
This author is nuts...
Or when the printing-press hangover sets in, they could jigger the numbers to make inflation look like "growth".
That's a huge number for the largest economy in the world.
I would measure it by sales and income tax receipts at the State level. When these go up, they reflect true economic activity as people can't avoid these taxes and the States can't easily fudge numbers.
If zero can keep government impediment away from business, i.e. energy development, construction and other CAPEX; we may hit 4%.
That's a big if. The greens want to reduce economic activity, but zero does not owe the greens as the greens would vote democratic no matter what.
I’m so tired of libs making excuses for blacks. They’ve been given more than enough opportunities to improve their situation in life. Time for them to shut up and look in the mirror.
I grew up and attended school in a NE city, one that's since become a "chocolate city". My (Catholic) HS's physical plant was so bad that the school eventually lost its accreditation. But in terms of academic performance, students did several orders of magnitude better than the public school students. Minorities get the nice new schools and get the opportunities, the difference is that they don't do an awful lot with them. This is a kind of a poverty that money can't fix.
Yes, and a Wall Street limo liberal, but then, the two terms are interchangeable.
Worth showing also is that Jamie Dimon is head of JPMorgan Chase.....and long time best-buds with Obamie. All his answers save one show his leftist radicalism.
Yet, the common illusion is that Wall Street is a hotbed of rich Republicans.
Leni
Of course we’re pushing people away—and often they are our best and brightest who come here for STEM PhDs, then can’t stay and settle here.
You want non-English-speaking illegal immigrants with 8th grade educations, on the other hand—we’ve got those by the tens of millions.
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Jamie is lying, in audition for propaganda minister.
We’ll be lucky to see 2% growth and 100K jobs per month.
Pretty sure I have more semester hours in Economics than he does.
The table may be set but all we can afford is a cup of hot water and two packets of ketchup.
Bold prediction, we are at 2.5 and 150k jobs now.
Smoke another one with Obamao, Jamie.
I could sit and predict all kinds of utopia for the US, after all we are the greatest nation on the face of the earth. The POTENTIAL is there. But with trillions in debt, the unbridled printing of money, the addition of even more spending promised by zero, and NO LEADERSHIP in the White House... no way in heck that any good will come to us any time soon.
I could sit and predict all kinds of utopia for the US, after all we are the greatest nation on the face of the earth. The POTENTIAL is there. But with trillions in debt, the unbridled printing of money, the addition of even more spending promised by zero, and NO LEADERSHIP in the White House... no way in heck that any good will come to us any time soon.
Bingo... Dimon was the driving force behind much of the creation of mortgage back securities, bundling and “derivatives” that eventually imploded into our current economic mess. Listen to him at your great peril because his hands are in your pockets.
4% is hardly booming.
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