In the News II

Quote: DoubleGold

James Dimon (net worth about $2 billion) intends to sell shares of JPM ($140M or 12% of stake?).

Not including the shares Dimon plans to sell, insider sells at JPM over the past three months, outnumber buys five to one. Rare to see that much activity over such a short period.

Perhaps more worried about the Feds than the economy.

'JPMorgan Chase Paid $1.085 Billion in Legal Expenses in Last Six Months; It’s Still Battling Hundreds of Charges and Legal Proceedings on Three Continents'

Leon got fired up.

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"These Kids Have Sh*t For Brains": Billionaire Leon Cooperman Slams Columbia Protesters, Halts Donations

OCT 27, 2023
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In an interview with Fox Business, host Liz Claman said to Copperman:

"You are a proud graduate of Columbia Business School, class of 67, son of Polish Jewish immigrants, first in your family to graduate from college," asking "what do you make of what’s happening at Columbia and Harvard, Stanford, NYU as well?

There was a student walkout at Columbia just a couple hours ago, driven by Columbia professor Joseph Massad, who called the Hamas attack ‘awesome.’ Where are we in the world when 1,300 Israeli civilians..."
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https://www.zerohedge.com/political/these-kids-have-sht-brains-billionaire-leon-cooperman-slams-columbia-protesters-halts

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Quote: Tanko

Not including the shares Dimon plans to sell, insider sells at JPM over the past three months, outnumber buys five to one. Rare to see that much activity over such a short period.

Perhaps more worried about the Feds than the economy.

'JPMorgan Chase Paid $1.085 Billion in Legal Expenses in Last Six Months; It’s Still Battling Hundreds of Charges and Legal Proceedings on Three Continents'

Good info.


I don't think I recall a banker publicly being negative about the Federal Reserve before.

I'd guess he and Jerome got in an business argument.

Quote: DoubleGold

I don't think I recall a banker publicly being negative about the Federal Reserve before.

Dimon is concerned about bank profits. With the Fed reducing it's balance sheet $45 billion every week to combat inflation, liquidity is drying up. Borrowing costs could get to a point where corporations cannot afford the costs of borrowing, and banks would be unable to profit from loans.

'Credit market freezes in which debt issuance declines dramatically and market liquidity evaporates are typically observed during financial crises. In the financial crisis of 2008–2009, the structured credit market froze, issuance of corporate bonds declined, and secondary credit markets became highly illiquid.'

If this link does not open the page, copy and paste the title into Google:

'US companies shy away from debt markets as Treasury rout drives up costs' -FT

'Turmoil in government bond markets has forced US companies to delay borrowing plans, making this the slowest October for debt issuance in more than a decade.'

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a Chinese fighter jet comes within 10 feet of colliding with a U.S. B 52 plane yesterday






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Quote: Tanko

Dimon is concerned about bank profits. With the Fed reducing it's balance sheet $45 billion every week to combat inflation, liquidity is drying up. Borrowing costs could get to a point where corporations cannot afford the costs of borrowing, and banks would be unable to profit from loans.

'Credit market freezes in which debt issuance declines dramatically and market liquidity evaporates are typically observed during financial crises. In the financial crisis of 2008–2009, the structured credit market froze, issuance of corporate bonds declined, and secondary credit markets became highly illiquid.'

If this link does not open the page, copy and paste the title into Google:

'US companies shy away from debt markets as Treasury rout drives up costs' -FT

'Turmoil in government bond markets has forced US companies to delay borrowing plans, making this the slowest October for debt issuance in more than a decade.'

I agree.

I'm picking up on a different vibe.

Possibly Epstein and/or Javice.

Quote: PotPie

.a Chinese fighter jet comes within 10 feet of colliding with a U.S. B 52 plane yesterday.

Why didn't we shoot it down?

What, we ALLOW this kind of thing?

Quote: missedhervee

Why didn't we shoot it down?

What, we ALLOW this kind of thing?

My guess would be both planes were flying somewhere they really should not have been in the Pacific and did not want to draw more attention to location by an engagement with each other. (This is pure speculation.)

Quote: missedhervee

Why didn't we shoot it down?

What, we ALLOW this kind of thing?

Nothing the US can do about it.

China has a larger navy and a larger army than the US.

That and the fact the US hasn't won a war in nearly eighty years.

Have you seen the shape of our soldiers?

70% of them are obese.

Quote: Tanko

Have you seen the shape of our soldiers? 70% of them are obese

Many modern day soldiers on the cutting edge need not be fit, all they need to be able to do is move a joy stick with good hand/eye coordination.

Drones and robots are the future of warfare.