Jamie Dimon on the Economy, U.S.-China, Overseas Wars and More: Full Interview | WSJ

Published 2024-04-29
JPMorgan Chase CEO Jamie Dimon discusses his concerns about the future of the economy, ‘Bidenomics,’ overseas wars, the U.S.-China relationship, AI and more in a wide-ranging interview with WSJ’s Emma Tucker.

Chapters:
0:00 U.S. consumer
3:21 U.S. economy
4:46 'Bidenomics' and the Fed
6:11 Banking crisis
7:56 Geopolitics
12:41 China
15:31 U.S. politics
19:44 Near-death experience
21:06 Leadership
22:46 AI
26:17 Brick and mortar branches
29:27 Checks and balances
33:20 Retirement and final questions

#JPMorgan #Banking #WSJ

All Comments (21)
  • @wsj
    Local politicians impatient with Washington’s actions against Beijing are blocking Chinese land purchases, factory plans and research: on.wsj.com/4dkjXM0
  • Protecting your capital is much more important than making money. Basically because if you lose your capital, making money is much harder. ''Missing the train'' vs. ''losing your money''. There are a lot of trains, but if your money is gone, it's over.
  • @Kaustavpatell
    In as much as I agree with Jamie on the economy, recession and the impact global war has had on our economy in the US, it is however, important to point out that Recessions are part of the economic cycle, all you can do is make sure you're prepared and plan accordingly. I graduated into a recession (2009). My 1st job after college was aerial acrobat on cruise ships. Today I'm a VP at a global company, own 3 rental properties, invest in stocks and biz, built my own business, and have my net worth increase by $500k in the last 4 years.
  • @shellylofgren
    The only American who won't acknowledge this Administration's failed economic policies is Joe Biden. "Shrink-flation' is the least of our worries compared to rising rents and stagnant wages, but it is an undeniable indicator of how bad our inflation has gotten. I have $100k that i like to invest in a non-retirement account, any advice on that?
  • @biankabrodeur01
    Opinions on the market diverge; some claim overvaluation due to rapid gains, while others cite strong economic fundamentals justifying high valuations. Raises concern for my $600K equities going 8% up and 20% down. Should i hold on or sell off my positions and hold cash?
  • @Marilyn-xm7ts
    Wall Street pitched so-called quality stocks with high profitability and low debt, as a kind of insurance against whatever the economy might throw at you. Quality stocks have underperformed the S&P500 this year, My $400k portfolio is down by approximately 20 %, any recommendations to scale up my ROI before retirement will be highly appreciated.
  • @mingouczjcz3800
    Jamie talks like a seasoned politician, rather than an economist banker.
  • @Anar130
    Good interview, sir. Now, could you please forgive my $34 overdraft fee?
  • @marc8750
    Can’t tell if he was interviewing as Chase CEO or 2024 presidential candidate?
  • @adamstokes
    1:07 "The consumer is in pretty good shape right now". Huh?
  • It's like some stocks are flying under the radar despite their potential. It makes you wonder when the market will catch on to their true value. how can I invest $100K smartly to secure my future?
  • @islaperez1151
    If you’re not in the financial market space right now, you are making a huge mistake, I understand that it could be due to ignorance, but if you want to make your money work for you prevent inflation
  • @RickMckee-nq4ni
    Market declines, soaring inflation, a significant increase in interest rates by the Fed, and rising Treasury yields all point to additional losses for portfolios this quarter. How can I profit from the present market turbulence? I'm still debating whether to sell my $125,000 ETF/Growth Stock portfolio.
  • @Jannie-yr4nc
    The current market/economy is unnecessarily tougher for boomers/senior citizens, I’m used to just buying and holding assets which doesn’t seem applicable to the current rollercoaster market plus inflation is catching up with my portfolio. I’m really worried about survival after retirement.
  • @papajohnsuk5965
    "jobs are plentiful" - yes, ones with salaries that barely leave you surviving are
  • @Ipsado
    Interesting. When it comes to Israel Gaza war — he said he is not a military expert and can not comment expect for people in Israel has the right to defend themselves. When it comes to Ukraine Russian war, he became a military experts and shared strong opinions. Hmmm.
  • @timcasady4750
    Jamie Dimon is very knowledgeable about most everything except for how well the average middle American is doing as he paints a rosy picture that couldn’t be further from the truth but then again how would anyone expect a billionaire banker to relate to a segment of America that he doesn’t live in.
  • @michaelkohl4245
    "They still have excess money from Covid". I must have been ripped, my covid checks were spent on mortgage/bills and food as soon as I got it.