“When Mark Carney said, ‘The middle powers should get together’—it’s a fantasy. They did that, it’s called Europe,” says Jamie Dimon, chairman and CEO of JPMorganChase. “The GDP of Europe has gone from 90% of America to 70%. And in our view, it will probably continue to erode over... time because [of] high taxes. 🔗 Watch the full conversation:show more

Europe is the world’s biggest experiment in middle powers. Our future is tied to being competitive and productive, not trying to become part of a European-style bloc. Our geography, economy, and trade realities are in North America.The Carney’s illusion of being part of a declining EU is a distraction. #cdnpoli

His job is to align with whatever rethoric comes out of the White House.

Dimon is always low key shit talking Carney. The real goat🐐

The EU's unrestrained immigration by itself will ruin Europe. All these governments are talking about managed decline, the one objective they are accomplishing. You can live off past accomplishments for awhile, but eventually they run out.

First-class banker delivered a lecture to the third-class banker.

EU avg. debt to GDP sits at 82% while the US sits at 123%. US debt/GDP is also rising much faster. Embarassing for a banking CEO to be so completely off on very widely known statistics while trying to further promote current-day America's anti-Europe agenda.

@JoeButson Jamie Dimon is at least 10X smarter than and more accomplished than Carney.

@CandiceMalcolm

The US helped Europe break the communist block and unite, but it looks like actually in the end the communist block took over Europe!

Canada is sliding too. The US economy was just 9x bigger 15 years ago. Today the US economy is 13x bigger.

The GDP doesn't gauge the quality of life for the majority of citizens.

US has completely vassalized European nations by predatory deals and treaties and now the oligarchs of the US are making fun of the vassals for suffering the consequences of being vassals? I feel sad for Europe.

Socialism is great - until it runs out of other people's money.

unusually based commentary from Dimon

@petercluskey Jamie Dimon has always just one message. Always.

Jamie Dimon is right. Carney is selling weakness around the world.

High taxes, bureaucracy, read tape, pointless regulation, an activist EU court, corruption and an immigration crisis destroying Europe. The EU is not helping Europe, it’s destroying it.

GDP is the last refuge of a lying statistician. Use GNI adjusted for purchasing power. Use BEA income adjusted for regional prices. Use anything that actually tells you how people live. They hide behind GDP because it flatters America as an aggregate while ignoring how unequal and dystopian daily life has become for huge numbers of people. And if the argument is power projection, fine, then talk about power projection honestly. America is socially fractured, politically unstable, militarily overstretched, and increasingly unable to convert force into durable outcomes. It couldn’t turn Iraq or Afghanistan into stable victories after decades of spending and occupation. Europe has problems, but Europeans actually love their countries, their lives, their food, their cities, their families, their public systems. If Europe ever decides to trade some comfort for military capacity, it can do that. Healthcare and infrastructure can be trimmed if survival requires it. Taxes can be lowered or redirected. Procurement can be fixed. The idea that Americans are uniquely serious while Europe is permanently soft is cope. A unified Europe would be a terrifying force.

Jamie Dimon is wrong. Carney was not proposing a European Union for middle powers or any kindof governance arrangement. He was proposing that middle powers form alliances to enact the changes they want to see. Now Dimon is right that European economic performance is lacking

Yeah but what if you layer on carbon taxes and uncontrolled immigration? Maybe that will catalyze and accelerate the growth?

Didn't this guy say Brexit was a huge mistake and now he is investing heavily in the UK?

Hey, @MarkJCarney Experts are exposing you...

Do you really think the JPMorgan(largest American bank) CEO would agree with the Canadian Prime minister? Mark Carney said in a context of sovereignty

!!

Dimon’s right—Europe’s GDP fell from ~90% to ~70% of America’s after decades of integration, hit by high taxes, heavy regs, and slower investment. Carney’s push for middle powers to coordinate makes sense on supply chains and rules, but it only works with domestic growth reforms first. Strong economies partner from strength, not weakness. #EconomicReality

European GDP relative to the US was 90% of GDP and is now 70%. A 20% GDP deficit. Europe Debt-to-GDP over the same period grew by 21% compared to 60% expansion in the US, amounting to a US fiscal debt add-on of nearly 40% more than Europe just to secure that 20% difference in GDP. What does that really tell you?

@zerohedge Jamie Dimon might as well been talking about Canada. @FoodProfessor @LoveMy7Wood

Given Mark Carney only answers to the bank and financials insitutions. Jamie Dimon CEO of JPMorganChase is telling him publicly. Stop lying like you a boss. You short. Hush

Hey y’all quit posting this stuff Your going to have to deal with Canada X rage We Canadians hate reality Our bubble is much more comfortable

Exactly. Canada could complement the US as a true energy superpower if we actually built more LNG plants, approved pipelines, and cut corporate taxes. We sit on massive oil/gas reserves—unleash them with smart policy and we’d boost North American energy dominance instead of Europe-style stagnation. High taxes and red tape kill growth. Let’s choose prosperity.

Europe is screwed… with the Muslim invasion and high taxes and huge debt. .. Be glad you are in America. And make sure you fight hard against Socialism.

Glad to see that Carney is a joke.

More Jamie, less Trotskyists please.

It would seem then that Brexit was a good deal for the UK. Carney! Not so much.