Wall Street Apes @WallStreetApes Ready For Your Jaw Hit The Floor? This woman heard Jamie Dimon, the CEO of JP Morgan, the largest bank in America on the Wall Street Journal’s podcast
What she heard was so “f*cking out of touch” with America she had to stop what she was doing & make this video
He said this about America:
Question asked to him, “As the chief exec of America's biggest bank, you have an unrivaled insight into the financial health of the US consumer. What are people doing with their money right now?”
Jamie Dimon’s response “Yeah, you have to look a little bit in context. The consumer's in pretty good shape right now. The consumer has, you know, unemployment under 4% has been there for two years. They still have excess money from COVID. — They're still spending it down. Housing prices are up, stock prices are up, jobs are plentiful.”
Creator: “I'm sorry, what? The stimulus checks, the ones that went out in 2020 and 2021, three and four years ago, we're still spending it down? Who is he talking about? People are not doing well. This country is literally unaffordable. Child care, groceries, you've got colleagues out here telling us to eat fucking cereal for dinner.
Everything is up in price. Even for those who are making ends meet and are able to still save, we have to be conscious as fuck to where you're putting your money because nothing is at a good price.
What does he mean the consumer is doing well? Like these are the biggest decision makers in our financial systems. These are the people who work with Congress and who are talking about how do we create like a soft landing of inflation and He thinks we're doing okay. Like, guys, this is scary. I mean, it's been f*cking scary. Let's be real. No one's surprised”
The CEO of the largest bank in America still thinks you have money from your Covid checks…. It’s almost unfathomable how out of touch with reality these people are.
https://twitter.com/i/status/1785059955139031265