JAMIE DIMON: The Table Is Set For Booming 4% Growth, And 200K New Jobs Per Month

TBI ^ | 12-12-12 | Joe Weisenthal

[blam]

JAMIE DIMON: The Table Is Set For Booming 4% Growth, And 200K New Jobs Per Month

Joe Weisenthal
December 12,2012

Jamie Dimon is on LIVE at the Dealbook conference talking fiscal cliff, the economy, and public policy.

We're taking notes during his Q&A. Anything not in direct quotes.

-- Says odds are politicians will do something between December 21 and December 28.

-- On the impact of going over the cliff it might not be horrible... but it might be.

-- 'We are one decision away from restoring our moral and fiscal authority in the world.... let's just do it."

-- With confidence, stability, good decisions, we could be a few months away form 4% growth and 200K new jobs per month. Says the table is set. Consumer is ready. Housing is turning.

-- Says relationship with White House is "fine" but that it's good that The White House is reaching out more.

-- Asks about perception of Wall Street. Dimon is proud of Wall Street. Notes that two former governors of Illinois are in jail. Dimon tells Sorkin: "I don't judge you because someone was a bad reporter at The New York Times a couple years ago."

-- Sorkin: "How do you think about money?" Is it true that you said as a kid that you wanted to be rich.

"I don't like that we have increasing inequality in The United States." Biggest problem: Inner-city education. Minorities not getting opportunities.

-- The US is still the best place in the world to do business. Huge opportunities in the world.

-- Dimon: If you could only invest in one country in the world, it would be the US.

-- Dimon slamming stupid immigration policies, where we're pushing "the best and the brightest" immigrants away.

(snip)

[MrB]

Comparatively, 4% would be a huge improvement.
But they’re pushing this as the “new normal”.

[LibLieSlayer]

This is an example of the satanic lies of obama... pump 47 Billion Dollars a month into buying up mortgages and then claim the housing welfare is really growth and they count 100% of it as private economic activity... but they never talk about borrowing that money because they never intend to pay that money back.

LLS

[DManA]

Worse than they are trying to characterize it as “booming”.

We make the mistake of thinking everyone wants the same thing, just that we have different ways of accomplishing it. Wrong.

The progressives do not want growth. They think growth = the destruction of Our Mother. So it is not surprising that with them in charge we get no growth.

[G Larry]

And what part of going over the cliff or grand compromise do you project will maintain or improve those data points.

[Georgia Girl 2]

4% growth? What drug is this guy on? I want to get some of it.

[muir_redwoods]

You’re right but it’s looking pretty good right now.

[cowboyusa]

Globalist Corporatist tool. Corpo-Socalism is so much more dangerous then Marxism because it sometimes works. Our corrupt Federal Government is being run by Foreign Banks!

[rollo tomasi]

Well if the Courts and Feds did not have their boots on the neck of the bankers wanting “everyone to buy a home, etc.”, the bankers would not have been so reckless.

Banks were trying to make money (You need to garner profits somewhere when dispensing suicidal loans) and the Feds eagerly agreed in they way they wanted to in order to make everyone happy. Like always, vote buying schemes blow up in the taxpayers faces.

[CPT Clay]

I don’t, I was commenting (sarcastically) on what a bold prediction made.