Wall Street's king, Jamie Dimon, on the US presidency

CEO of America’s largest and most successful bank, JPMorgan Chase, Jamie Dimon heads up a globe-spanning operation worth more than $400BN. In this film Zanny Minton Beddoes, the editor-in-chief of The Economist, probes his public-policy ideas–from US-China relations to Bidenomics–and hears his plans for the future.

00:00 - Jamie Dimon, the king of Wall St
00:50 - Jamie Dimon on Sino-US relations
06:25 - Jamie Dimon on US leadership
09:53 - The success of Bidenomics
13:04 - Jamie Dimon’s presidential ambitions

[darnellcapriccioso]

I’ve been diligently working, saving and contributing towards financial freedom and early retirement, but the economy so far since the pandemic has eaten away most of my portfolio, what I want to know is this: Do I keep contributing to my portfolio in these unstable markets or do I look into alternative sectors.

[sattler]

America is currently plagued by the hydra-headed evil duo of inflation and recession. The worst part about this recession is that consumers are racking up credit card debt. In April alone, credit card debt went up 20% while rates have doubled in a year. Inflation is so high that consumers are literally taking debt for basic life necessities. Collapse has indeed begun..

[punnyabrata]

About a decade ago, I worked briefly with JPM and experienced a unique benefit. Every employee who had worked for a certain period and was still on the payroll received an annual bonus regardless of their performance. It was called the “Jamie Dimon Bonus” and it was quite generous. This was in addition to any performance bonus or other benefits. I have never seen such a gesture in any other organization in my nearly two decades of work experience.

[unapologetictraveller]

This is a fabulous example of a great interviewer who knows how to ask questions and a interviewee who can get to the point and convey his message in a way that everyone can understand. Well done The Economist!

[carlorodriguez]

With changes in the economy leading to instability in the stock market, some individuals may face a decrease in their investments in an effort to benefit from the current market conditions, I am considering liquidating my $725k portfolio consisting of bonds and stocks. Someone else in the same situation? Please tell me in the comments!..

[amin]

What a brief, high level, to the point and effective interview. Enjoyed it

[tonysilke]

This administration is just the worst, the crises we're facing is government inspired. The Treasury have to sell Bonds to cover the trade imbalance and the government spending imbalance. In order to sell them they have to raise interest rates and the old long-term, low risk, low interest, AAA investments (including Treasury Bonds), held by the banks (often due to government regulatory policy), become next to worthless. The next milestone is the 15th when the government issue a new batch of Bonds. I have approximately 350k stagnant in my portfolio that needs growth. What is the best way to take advantage of this downturn?

[Zachary_Douglas]

GREAT CONTENT. The market and the Fed consistently underestimate the sticky nature of inflation. The markets are still unsure if the Federal Reserve will continue to its plan to raise interest rates until inflation is under control, despite the fact that bond yields are rising while stock prices are falling. What is the greatest strategy to take advantage of the current bear market while I'm still deciding whether to sell my $400k worth of stocks?

[marcusmcg]

Not sure how much i believe what he says but love how smooth an operator is

[matthewjulius]

Great interview.

What an incredibly reasonable man. I think the comment about needing practice before running for President is exactly right.

Some transferable skills, a lot of complexities that don't exist in the private sector.

[Rochelletrem]

Since Biden took office, there seem to have been more unfavorable results in America. These results include effects on the markets, such as price declines and sharp increases in inflation, as well as bank failures. I wonder if the sudden increase in interest rates will help value investors or if it would be wiser to stay away from the stock and financial markets for the time being.

[Slotcarking]

He chooses his words carefully, very carefully…..

[dr]

“We should be looking at our own flaws, and not always blaming other people”. A sentiment that I wish many many more of my fellow Americans would adopt. This nonsense that self criticism is unpatriotic is the stuff of deluded, weak minded, confused, frightened, people

[PD_]

Why be President when you already control whoever is President?

[DouglasJWalker]

Thank you for sharing parts of this interview.

[mrnmdcelestine]

See how he advises that we begin conversations, "how is your family" before even talking about anything else....! Fantastic Jamie.

[ambition]

0:29: 💼 The CEO of America's largest bank discusses the global financial and geopolitical challenges, emphasizing the need for open dialogue and negotiations.
2:36: 🌍 The speaker discusses the need for a comprehensive economic strategy to counter China's aggressive regime and protect Western democracies.
5:08: 🌍 The world is currently facing a very serious issue that is affecting major relationships and global security.
7:46: 🌎 The speaker emphasizes the importance of America prioritizing its own interests and presence in the world, while acknowledging flaws in certain areas like healthcare and education.
10:46: 💼 The speaker discusses the importance of free enterprise and growth policies in improving the economy, with a focus on education and job opportunities.
12:58: 💼 The speaker discusses the possibility of running for office and their commitment to their country and business.
15:16: 📚 The speaker expresses uncertainty about their political affiliation but emphasizes the importance of taking care of citizens and doing a better job.
Recap by Tammy AI

[TheAutomedon]

I wish we had a competent well spoke president so badly

[Shaq]

This is my first time hearing him talk about this stuff. I'm a fan. He brings up great points and it's nice to see that a lot of his viewpoints match my own, especially in regards to foreign policy and diplomacy. I need to get in a meeting with this guy lol

[bharatichaudhari]

Smart guy, he talking very carefully, he avoid the talk over biden policy