lets me help translate Mr Dimon Banker Jargon: "We are Screwed"
tomtom
Nonsense!
We have a fiscally irresponsible government.
I blame both parties for our mess.
One handouts tax rebates like Halloween candies, while the other goes on a spending spree like a crack addict.
Ruby-
Big banker equates credit health with military capacity
levilevi
Charge him a flat tax rate on his total net income so we can pay down our debt.
lesliehatun
“They live under the American enterprise military system” should be stricken from the record. Might does not make right. To say it’s ok to debase the currency because we are the strongest militarily is faulty thinking because Americans suffer regardless from that.
s.d.crockett
Apparently, Mr Dimon’s phone is ringing off the hook from his investors looking to sell and sit on sideline safely with ~5.xx% returns🤦🏻♂️
thehayeks
Agreed. Short term buying opportunity. The last time this happened, the market didn't like it for a week or so and then the markets took right back off again.
myfinancialclimb
The downgrade is 100% warranted, and it actually IS up to the rating agencies (as flawed as they are) to rate our credit fairly. He's very out of touch here lol
bryanbrasile
Prosperous country in the earth 😂😂😂😂, that why homeless are every street of America 🇺🇸
samsonmarkos
Never seen JPMORGAN so optimistic about economy
SA-gfth
It should have been down graded a long time ago to show people that stupidity in spending is wrong….
rockystaatz
“They point out our debt ceiling crisis and things like that” Really, as if being (30)Trillion in debt is not a problem, the rating change just cost our interest rate to go up, “the ratings agencies don’t control that” I’m calling Bull$¥|! on that. Our rating should be in the toilet, we should not be in this much debt📝🤦♂️
roberttowe
“Doesn’t really matter that much.”…umm if US debt is 98% of GDP and we now have to pay even more to borrow money to pay back the debt…isn’t that inflationary and unsustainable?? How are these people experts? Also, the rating should be far lower than it is…no basis in reality.
melissastolhammer
Most prosperous and most in debt 😂wake up america this guys thinking is whats destroying you
Koi-addict
The markets have barely moved since the downgrade, unless you were in tech, but that's the risk you take. Fitch is a joke. The dollar is rising, people are pouring into bonds to take advantage of the rates, and gold has fallen asleep.
robertplatt
The IRS has collected over $500
million from 1, 600 delinquent millionaires.
It audited Microsoft and found that they owe $29 billion in back taxes.
And the agency is making it easier to file taxes through free-filing programs.
We finally funded the IRS, and it's working
HOHLfmly
Jamie Dimon sounds like a guy who panicked.
patmanley
Why is he not spending his life in jail?
oltlvfm
Busy selling JPM stock, to the tune on $150M. What does he know that's he's not telling the rest of America?
SenorSammy
Debt. US wars. So, our corporations must pay more, especially those that profit 📈 from wars, and all corporations do.
