JPMorgan's Dimon issues dismal warning about state of US economy



Kingsview Wealth Management CIO Scott Martin, Strategic Wealth Partners President Scott Tepper and UBS Financial Services private wealth advisor Alli McCartney discuss Jamie Dimon’s comments on the U.S. economy, oil prices, the Fed’s handling of inflation and unemployment.

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42 comments

  1. Fox is loving this to no end.

  2. These are the same people who stole our money in 401K, we will be working until we die. No more happy retirement.

  3. who said its quite diffrent?

  4. Dimon the cozen must be buying.

  5. Didn't JPMorgan donate to Biden? Don't want to hear anything from scum bankers.

  6. US economy living it's last years, months, days, soon huge kaputen & you all will be poor Russia won economic war & will win real war. US is a dying empire.

  7. It has been dismal for nearly 20 years, which was hidden by printing worthless fiat. Yes, it is horrible now.
    Now the US economy is essentially a resale of Chinese goods with a huge markup and printing fiat trash dollars.

  8. With the US markets going down month over month my retirement is gone. The biggest mistake I ever made in my life was voting for Democrats. I worked all my life to be able to enjoy my latter years and they took it all away. This is unforgivable.

  9. He's part of the problem. Big banks have been giving hedge funds money shorting mene stocks. I guess he didn't get that millions of dollar bonus now he's mad.

  10. You know when you hear this news from someone that's dirty…..you gotta wonder.

  11. Lack of problem solving is on purpose

  12. Bank exec who's received numerous publicly funded bailouts forecasts dismal outlook! Lmao out of control greed.

  13. Modern day mafia without the machine guns pays fines with your money one of the greatest criminals this county has ever seen

  14. I hate political commentary on what’s supposed to be economic dialogue. Next.

  15. Whether it is Dalio, Dimon, Ackman, Fink or any of these big shots, I'll keep my ears plugged when it comes to noise and all the talk of near-term volatility. May everyone be using this all as opportunity to capitalize on discounted investments. "Be fearful when others are greedy AND GREEDY when others are FEARFUL." Investing is all about the long game and so I wish everyone luck and can only share to remain steadfast in an investment strategy for the long-term!

  16. Someone needs to tell Orange woman to 1) turn the lights down, and 2) Degrease to reduce glare. Just saying.

  17. Guys…. Dimon was NO HERO picking up Bear etc. IT WAS A STEAL!!!!!!!!

  18. Yeah yeah yeah bunch of vomiting comment

  19. We are transitioning to a 3rd world country

  20. Impeach Biden and put Trump back

  21. Thank you JOSEPH BIDEN AND KAMALA HARRIS NASTY PELOSI CLINTON BUSH OBAMA AND THE REST OF THE CRIME FAMILY'S THAT WERE PLACED IN THE WHITE HOUSE‼️ AND THAT ARE HAVING SO MUCH FUN KILLING THE AMERICAN DREAM,KILLING THE WORKING CLASS, AND SELLING OUT AMERICA TO THE CCP OF CHINA AND EVERY ENEMY WHO HATES THE U.S.A THIS NO GOOD SO CALLED ADMINISTRATION CAN'T CARE LESS FOR THE AMERICAN PEOPLE ‼️‼️

  22. Total delusion, period!!!

  23. If only we could lay off our government like tech companies are laying off workers. That would solve the problem.

  24. Thank God the problem solving adults are back in charge… c'mon man…. 🤣😂🐎💩

  25. You Say JP Morgan, I say The Big Short. I am willing to go through this if we get rid of the Corrupt Idiot's. Tired of them. Hope the People are too. MIDTERMS are Republicans Last Chance also. If all this Crap Continues, We are all Finished.Him pronouncing his name Diamond (Dimon) just proves what an Arrogant Pr_ck this guy is.

  26. Sounds like a bit of revisionist history to me. As I recall, a number of big financial institutions were dubbed too big to fail, receiving bailouts unavailable to lesser businesses so they profited from a burst bubble of their own making, i.e. sub prime mortgages bundled into very high risk investment vehicles that went bust because people were flipping houses, taking mortgages they could not afford to pay for, or extracting equity, in part at banks' suggestion, to take that dream vacation, buy that car, buy that big boat, or remodel the house. Operations like JPMorgan created the problem and then profited from bailouts and deals to buy competitors. Sounds more like big bankers are upset they are not getting more government handouts or the opportunity to buy even more assets so they can basically run the financial lives and thereby the lives of millions of citizens, likely at the behest of tyrants like Justin Trudeau who seizes accounts and assets from citizens should they dare even to break wind in his direction. Russ Comstock

  27. Here’s the reason it’s a hurricane: we are overdrafted at the bank meaning the federal reserve, and the economy is slowing down due to the atrocious policies of the Biden administration and the go-to resolution for the problem i.e. expansive monetary policy, isn’t on the table because inflation is already out of control from the spending spree over the last two years.
    So the economy is going to contract and then people are gonna get nervous and businesses are going to tighten their belts for the oncoming contraction which is going to accelerate the contraction etc.
    It’s a horrific catch 22 and only tough decisive action can handle it and that is absolutely not going to happen in the current administration. Which is utterly incapable of any action that goes against the consensus.

  28. Another Scammer like Joe Biden and his Deep State Gang destroying The American Economy for The Great Reset Scam Plan.

  29. JP Morgan's hurricane is what happens if they can no longer collect their high fees…

  30. The Dems hate Trump so much that they tried to reverse everything he did to include emptying out the oil reserves that he top off. The Dems are destroying Americans and America, total scumbags.

  31. Dimon is a cheat and a liar.

  32. Fiddling and playing the markets only ever goes in their favour.. but they can reverse that trend any time they want

  33. JP Morgan is Rockefeller

  34. Lmao rising "wage growth " nothing compared to cost of living… people are sick and absolutely done with the system

  35. Government has just screwed the small business man and woman of this country out of any hope. House of cards has to come crashing down, and everybody better not listen to those who got us there when clean up starts

  36. J P Morgan is white collar crime organization – fines are pretty much pay offs and the cost of doing biz.

  37. Of course these institutions are calling for a bloodbath. They want to scare the bejeezus out of the Fed. Force a a Pivot on hikes and tapering.
    But only after they've scooped up all those bottom of the barrel buys.

  38. Do the opposite of what wall street elite telling you through the headline and you should be fine for the next decade.

  39. Smart to get the mens input first, regarding the economy. GOOD MOVE, as it probably saved a nation!

  40. Where did the stolen MF Global money show up?

  41. Yeah dimon got his money in the right investments to make a killing on his latest call.

  42. Hymie Dimon a known forfender.