Did Jamie Dimon Just Reveal The Tagline For His 2020 Run At The White House?

Trade is hard. Who knew?
Author:
Updated:
Original:

Future President, current JPMorgan boss and man who used to think his daughter was smart until he found out she "owned two Bitcoin", Jamie Dimon, has some thoughts about how to make America great again.

JamieUSA

I mean, look, it's not like Jamie is bearish on the current state of America. It's just that he thinks things could be better.

And before you go suggesting that Jamie is a guy who knows what the problems are but isn't willing to offer up any solutions, just know that he recently penned what amounted to a 47-page manifesto on everything from schools to infrastructure to healthcare to immigration to wealth inequality and mailed it out to everybody disguised as his annual letter to JPMorgan investors.

"Dear shareholders, if I am elected President..."

Don't laugh, you cynical bastards, because as we've tried to make clear in these pages, "it's gonna happen" when it comes to Dimon 2020 and let's face it, there is exactly zero chance that a Dimon White House would be any worse than what we've got right now.

Well with that in mind, consider this (via CNBC):

CEO optimism about hiring, capital investment and sales growth fell slightly in the second quarter from record levels, marking the first decline in two years amid concerns that trade conflicts could drive up costs for consumers and business.

The index is a composite of CEO expectations for sales, hiring and capital spending plans over the next six months.

As you may or may not be aware, the Business Roundtable is chaired by none other than the very same future President (and current man who is 364 times richer than the median person who works for him) mentioned above.

Speaking to reporters about the fall in the quarterly survey (which was the first decline since Trump took office), Dimon had the following to offer:

Trade is a very complex thing with many layers. When you talk about it, slogans are very different than policies that makes sense.

That latter bit is of course a derisive reference to Donald Trump's ill-advised trade bombast which, as you're probably aware, doesn't always go over well when it comes to negotiating with (former) allies and other trading partners.

While the media seems to think the most important takeaway from the latest iteration of this survey is that CEOs are getting nervous about Trump's increasingly aggressive trade stance, we'd be inclined to say that the real revelation here is that we now know what Dimon's tagline will be when he runs against Trump in 2020:

Slogans are very different than policies that make sense.

Related