Jeff Snyder believes that Jamie Dimon is lying (What? No way!)
He claims that Trump tariffs will bring inflation, while his bank is loading up on bonds.
What do the econ gurus think?
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108 sats \ 0 replies \ @Undisciplined 13h
It seems very possible. This is part of finance at that level right? Use cheap talk to move prices in the direction you want so you get a better buying opportunity.
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36 sats \ 0 replies \ @StillStackinAfterAllTheseYears 11h
The way to test if Jeff was right is to see if Jamie's mouth was moving.
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136 sats \ 0 replies \ @0xbitcoiner 14h
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57 sats \ 0 replies \ @optimism 14h
I'm not a guru, but I don't think he's "lying" more than the usual on this.
Does JPM pay interest on liquid dollars nowadays? Because if that's still not the case, then for them to buy bonds makes sense, no matter what the rates are, as long as they don't have to sell them prematurely.
Every % is great if you don't have to compete with the other banks on rates. Ask Tether.
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0 sats \ 2 replies \ @nkmg1c_ventures 9h
If the borrowing rate goes down, as he’s expecting, existing bonds at the higher rates become more valuable. Isn’t this pretty standard?
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10 sats \ 1 reply \ @siggy47 OP 9h
I'm misunderstanding. Dimon is saying inflation is coming. If that's what he thinks, rates won't go down. They will go up, and the existing bond's value will drop.
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0 sats \ 0 replies \ @nkmg1c_ventures 9h
I took it to mean monetary inflation, the supply of dollars will go up as rates come down, and the price of existing bonds at higher rates will go up
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36 sats \ 0 replies \ @Macoy31 14h outlawed
stackers have outlawed this. turn on wild west mode in your /settings to see outlawed content.