You don't have to be a genius to figure this out. It is rumored that Jamie Dimon (CEO, JPMorganChase) appeared on a Fox TV show because Trump watches that show. Dimon went there with a message: back off the tariffs.
Since JPMChase has a large presence in China, and has made a bunch of loans in China, and since Trump Tariffs are going to strangle Chinese businesses,.............is it just possible that Dimon's "concern" has to do with getting the loans paid back?
Same with Goldman Sachs, Citibank, BlackRock.........all of them. They have large money tied up in that country (and lots of others). If Trump succeeds in bringing manufacturing back to the USA, those investments and loans will be worth a lot less.
Maybe they'll be worth nothing.
That would be bad. Bonus-time will be pretty crappy, indeed. All those JPMChase (Citibank, BlackRock) shares awarded over the last decade...........well, let's just say they declined in value.
1 comment:
Those guys always make sure their bonuses get paid. This may be the only thing that frightens them.
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