Loading ...like where did JPM make $500 billion……selling hell out of Silver for the Fed and front running the trades.
While Fed Chair Jerome Powell sees current inflation as transient, as supply shocks and reopening demand level out, Jamie Dimon is preparing JPMorgan (JPM) for a different environment.
Quote: “We have a lot of cash and capability and we’re going to be very patient, because I think you have a very good chance inflation will be more than transitory. If you look at our balance sheet, we have $500B in cash, we’ve actually been effectively stockpiling more and more cash waiting for opportunities to invest at higher rates. I do expect to see higher rates and more inflation, and we’re prepared for that.”