Operating at the Intersection of Technology and the Capital Markets
Tag: Jamie Dimon
J.P. Morgan (JPM) CEO Jamie Dimon is incorrect when he says that AI will deliver a 3.5 day work week for the next generation. Will artificial intelligence dramatically improve productivity over the next decade and more? Sure. AI will dramatically increase productivity across industries. We have already seen it: Mobile phone apps from Apple and … Continue reading Jamie Dimon Is Wrong. AI Won’t Deliver A 3.5 Day Work Week.
The Fed's FedNow payment network goes live next month. FedNow lays the groundwork for a Central Bank Digital Currency (CBDC). FedNow - a CBDC Trojan Horse? It will be interesting to see if any of the large banks opt-in to FedNow. The reason I say this is because if the Fed was to roll out … Continue reading FedNow Goes Live In July. Is A CBDC Next?
If J.P. Morgan CEO Jamie Dimon is leading talks to create a new rescue plan for First Republic Bank (as the WSJ reports), you can be sure the Fed will play a pivotal role. The fear is that absent a bank bail out, Banking weakness could have a negative cascading effect on credit markets and … Continue reading Another Fed Bail Out Is Coming
Fed Chair Powell has the backbone of a jellyfish. Therefore it will be interesting to see what he and his band of banking flunkies do at their FOMC meeting later this month - especially if Financials continue to trade down and should consumer prices remain elevated as we expect (CPI release is Tuesday at 8:30am … Continue reading Powell’s Puzzle. Dimon A Winner.
We are due for an equity market shakeout. The NASDAQ is up 450% since January 2009. The 26% spike in the NASDAQ from October 2019 to February 2020 on a lack of supporting fundamentals is like nothing I've ever seen. By late March we had traded down 30% from February's high yet we have gained … Continue reading The Market Is Upside Down
Lost amidst the drama around Jes Staley's ties to convicted (deceased) sex offender Jeffrey Epstein is Staley's poor performance as Barclays CEO. This speaks to Barclays' weak Board of Directors and lack of corporate governance. One need look no further than the numbers. Barclays has under-performed during Staley's tenure. Staley was groomed by JP Morgan … Continue reading Why Does Jes Staley Remain Barclays CEO?
With Michael Bloomberg throwing his hat into the ring for the 2020 Democratic nomination, many have speculated as to how Bloomberg would divest his equity stake in his namesake firm were he to win the Presidency. We don't expect Mr. Bloomberg to win the Office of the President nor would a sale necessarily be required … Continue reading Prospective Bloomberg LP Acquirers
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