Garrett Wright

JPMorgan CEO Jamie Dimon pushes back after being asked why America’s CEOs are afraid to criticize President Trump: “I’ve said what I think. What the hell else do you want me to say?” 🇺🇸

Interviewer: “I’m genuinely struck by the unwillingness of CEOs in America to say anything critical. There’s a climate of fear in your country. Would you agree with that?”

Jamie Dimon: “The Davos intellectual elite. I’ve been coming to Davos all these years, listening to chatter and stuff like that. Has it done a good job making the world a better place? We get together and talk. What do you want me to do?

I have strong views. Some of the things Trump has done are good, and some are not.

I’m not a tariff guy. Do I use it in certain cases? Yes. I think they should change their approach to immigration. I’ve said it.

What the hell else do you want me to say? I’m trying to have a conversation.”

JPMorgan CEO Jamie Dimon says Trump’s economic policies and the AI boom are fueling America’s economy, but warns inflation is starting to rise again 🇺🇸

Asked to characterize the U.S. economy, Dimon responded:

“The economy is growing at 2%. Unemployment is low, 4.3%. Wages aren’t going up that much anymore. Corporate debt is not that high, and consumer debt is actually not that high.

Inflation is ticking up. That’s not good.

You have a lot of stimulus. The One Big Beautiful Bill, $300 billion in stimulus. AI spending is another major source of stimulus. Deregulation is a form of stimulus because it allows people to put their money to work in a better way.

We have a huge deficit, and that ends up supporting corporate profits. Corporate profits are up, stock prices are up, and that’s all good.

But I think the one negative you can see is inflation going up.”

Solid breakdown from Jamie here. The deregulation, stimulus, and massive AI Capex have driven strong growth forecast, but as expected that comes with inflation. We need to get prices under control, long enough to allow the deflationary growth to take over.

Tucker Carlson warns that democracy becomes dangerous when governments stop serving their citizens and start manufacturing public consent: “People want peace, prosperity, and hope for a better future for their children.” 🇺🇸

“Giving people what they want is democracy.

The founders were geniuses, actually. They thought deeply about how you prevent democracy from evolving into its ugliest form, where you’re just taking payoffs and seeking affirmation from the mob.

And the key is avoiding the extremes.

Up until Trump’s election, there was no demonstrable effort by the government to meet the basic needs of the population.

They were doing the opposite.

Was there ever an effort to poll people and ask, ‘Would you like 40 million new Americans?’

No one was ever asked. They just gave it to you.

And then there were all these things you were supposed to care about. Putin, Russia, whatever.

What about the organic desires of the people?

People want peace, prosperity, and hope for a better future for their children and grandchildren.

Instead, those basic priorities were replaced by manufactured concerns.

That’s the opposite of what we think of as a government that’s responsive to its people.

Are we going too far in the other direction? I don’t know. We’re not even a year in.”

Tucker Carlson says America’s housing crisis exposes a much bigger problem Washington refuses to confront: “Who actually lives in your country?” He warns that politicians are ignoring the basic laws of supply and demand. 🇺🇸

“Housing is kind of everything. Where you live is one of the essential questions of your life. But I don’t think it’s actually about housing. It’s about autonomy. Both sides want to subvert it. The left is always talking about housing as if the core problem with homelessness is that we don’t have enough Section 8 high-density buildings. It’s nothing to do with that. And the right talks about it like even addressing the question makes you a socialist. The material conditions of your people are a really big deal, and you should focus on them. That doesn’t make you a socialist.

But I don’t think building condos in Yellowstone is the answer either. We have way too many people in the country. The top-line number really matters. How many people live here? We don’t actually know the answer. Trump told me directly he thought it was 50 million people whose identities we don’t really know, living here. Which is a little weird. I have to have my nose scanned to get on an airplane, but we don’t know who’s here.“

JPMorgan CEO Jamie Dimon says massive government deficit spending is driving corporate earnings and investment, but warns it could also fuel inflation: “I think one of the risks is inflation. I’ve always thought that.” 🇺🇸

Asked where he sees signs of excessive optimism in financial markets, Dimon responded:

“In the stock markets, in the top 10% or 15%. Credit spreads are very low. The general assumption is that things will all resolve. I’m just kind of a skeptic. I don’t know. I hope they do, but I don’t know that they will.”

Asked what CEOs privately worry about that they aren’t telling the public, Dimon explained:

“Not much. It’s trade, America, NATO, the wars, oil prices. I mean, the same stuff you hear about all the time. But CapEx, too. We had a great earnings season. Is the next one going to be less good? I don’t know yet. It’s very hard to tell.

I think deficit spending drives a lot of corporate earnings, too. And it drives a lot of CapEx and capacity. Whether productivity comes before it creates inflation, I don’t know that.

I think one of the risks is inflation. I’ve always thought that.”