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"The economy is getting stronger all the time," Jamie Dimon tells CNBC, "I believe the threat of...

"The economy is getting stronger all the time," Jamie Dimon tells CNBC, "I believe the threat of a double dip recession is behind us." Of China, he says the country will see a soft landing, disagreeing with his own analyst who last week said it's not a debate anymore, the country is already experiencing a hard landing. Shares reflexively move a bit off session lows, S&P -0.8%.
Comments (11)
  • Covingtonium
    , contributor
    Comments (397) | Send Message
     
    "And CDO's sold by my company in 2005-7 with subprime mortgage collateral were of high credit quality" - Jamie Slimon.
    28 Mar 2012, 03:16 PM Reply Like
  • dividend_growth
    , contributor
    Comments (2878) | Send Message
     
    JPM was out of subprime market since 2005.
    29 Mar 2012, 12:55 AM Reply Like
  • Mark Bruns
    , contributor
    Comments (38) | Send Message
     
    HOLD your cards, we may have Bingo! ... we've all played the game before during teleconferences, speeches ...the game: Bullshit Bingo ... how many items on this list of "persausion tools" can you find in Jamie Dimon's interview? For that matter, it's a useful list to keep in mind for any guest on CNBC or any "expert" interview, speech or testimony that you hear anywhere where the questioners aren't necessarily all that bright (e.g. Congress).

     

    http://bit.ly/H0Kjey

     

    Perhaps I'm wrong ... but my take on CNBC is that CNBC tries to interview people who have previously established credibility (i.e. "has beens"), but NOBODY ever agrees to go on CNBC unless they have they have their manure spreader full of polluted stuff they don't want and they are anxious to unload some toxic waste that might not be the best fertilizer on someone else's field.
    28 Mar 2012, 03:41 PM Reply Like
  • Trader Monk
    , contributor
    Comments (130) | Send Message
     
    MB..I am laughing so hard at your comments I can't write..I haven't laughed this hard since yesterday's episode of Seinfeld..Thanks..
    28 Mar 2012, 08:47 PM Reply Like
  • WMARKW
    , contributor
    Comments (10250) | Send Message
     
    Re: the threat of a double dip.....

     

    I believe Mr. Dimon will be proven wrong.
    28 Mar 2012, 05:52 PM Reply Like
  • Devlin McGregor
    , contributor
    Comments (100) | Send Message
     
    I'll listen to Jim Chanos, Michael Pettis and about a thousand other analysts before I'll listen to anything Jaime Dimon has to say about China.
    28 Mar 2012, 07:35 PM Reply Like
  • Trader Monk
    , contributor
    Comments (130) | Send Message
     
    Hey Devlin..isn't that the same name as the pharma company in the Harrison Ford movie "The Fugitive"?
    28 Mar 2012, 08:48 PM Reply Like
  • WMARKW
    , contributor
    Comments (10250) | Send Message
     
    But....will you listen to Cramer?
    28 Mar 2012, 10:55 PM Reply Like
  • X-terminator
    , contributor
    Comments (89) | Send Message
     
    OK Dude. Mark to Market, Now!
    28 Mar 2012, 09:18 PM Reply Like
  • dividend_growth
    , contributor
    Comments (2878) | Send Message
     
    All your short asses have been thoroughly fried since march 2009 and yet you don't learn your lessons.
    29 Mar 2012, 12:56 AM Reply Like
  • Billdo
    , contributor
    Comments (19) | Send Message
     
    Oh come on guys why would CNBC lie to us? Why would Jamie Dimon lie to us? clearly they have our best interests in mind! Theyre not pandering to their corporate sponsors...haven't you seen the commercial for their "investing in america" series? America is Roaring Back!!! You'd best heed their advice and buy Buy BUY before S&P 1700....Stocks are so frickin cheap and America can totally decouple from Europe and China! I mean why wouldn't I buy all the frothy consumer discretionary and technology stocks, they have plenty of upside left, the consumer is so strong! were creating over 200,000 jobs a month so it doesn't matter if gasoline goes to $5/gallon ...it's not like most of these jobs being created are low wage service sector jobs, i think most of these jobs are high paying...you know jobs where you can start a family, buy a house and a few new cars too. Apparenty housing has bottomed so it's definitely the time to buy the homebuilders and anything even remotely related to the home. Plus Larry Kudlow says once we get mitt romney is office that america is going to do just fine, it's so obvious that free market capitalism is the best way to prosperity. Jim Cramer tells me to trust this rally and that this time is different. I believe him, after all you get rich by watching TV.
    29 Mar 2012, 01:53 AM Reply Like
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