You decide who’s right:
This important Democrat senator below is thinking about the trap question …and seems to reckon no one else except cowardly Trump (sex blackmailed by Israel? Has a journo asked him yet ….sigh?) would be silly enough support Netanyahu’s apparently crazy and self-serving ambitions in Iran.
CarrZee: Trump will probably chicken out of Iran within 10 days.
Yep….he’s gunna run from I ran.
Worth watching:
A contrasting view
Jamie Dimon, chief of JPMorgan, said March 2:
Bloomberg:
*Inflation from the Middle East war might be short lived unless the violence is prolonged….then anything can happen.
Inflation is merely the “skunk at the party.” Not necessarily a big deal.
CarrZee: I’m worried inflation will prevent interest rate cuts; inflation caused by war, higher insurance premiums and expensive leverage should not be blamed on worker wages when it’s not about that, Mr Dimon.
Bloomberg fails to ask Dimon what is really to blame for the inflation?
Bloomberg fails to ask about the unnecessarily high profit margins at too-big-to-fail JPMorgan…the high profit margins and stock valuations of banks indicate they are too big to compete properly in the market on price: CarrZee
Dimon: “Maybe companies will start to lay people off.” That could be the real shock coming in the global economy, he said … and that has to be managed carefully.
Dimon blames Russia, China and Iran for wanting to divide the world, yet it is the USA pulling out of multilateralism and the US ignoring international law and US killing leaders, starting wars … America is dominating and dividing ….it is actually dominating the division. Dimon is sooooo out of touch with reality on some of the things he says.
“There’s a little more exuberance than there should be,” Dimon said …CarrZee: Yes, Jamie! ….especially in the valuation of JPMorgan and the not-so-magnificent seven tech stocks, which are overly glorified middle men.
“Bank deregulation and other deregulation adds to growth this year …and animal spirits” ….CarrZee: this is Dimon saying “sell” without saying sell. (Please comment and email if you think I’m wrong on this at mathew@carrzee.net)
The war creates “more chance of a positive outcome” in the Middle East, Dimon said. “This (war) creates a bigger opportunity for long and just peace in the Middle East.”
“This opens the door for that.” CarrZee: I hope Dimon’s right on this. Bombing and murdering sure is a brutal negotiation tactic that has failed to work in the past.
Dimon on credit markets: “We see some banks doing what we probably wouldn’t do.” Another sell comment on banks.
Some banks are lending badly and the market will find out “who is left swimming naked when the tide comes out,” Dimon said.
Future is positive: Kids at school today will be working 3.5 days a week and living to 120 years of age, Dimon said.
Dimon effectively advocates for firing workers because companies and banks that do that early will be “ahead”. A temporary advantage can turn into a permanent one … if you fire lots of people now, he seemed to indicate. WFT?
There are geopolitical risks, sovereign-debt risks and inflation is not beaten yet (please don’t cut interest rates he’s signalling to central banks, which is self serving nonsense IMO — CarrZee).
A new and unexpected confluence of events is likely to cause trouble this time, Dimon said, saying he is gloomier than many people in the market.
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