JP Morgan and Jamie Dimon: A Question of Trust
Do you engage in business with people you don’t trust?
Sometimes you may have no choice but in doing so you likely keep your guard up or exact a higher risk premium in doing so. For those with a choice, keeping one’s distance from those you do not fully trust is typically the preferred path.
For those without a choice, a lack of trust is often offset with a lot of hope and prayers. Hope always remains a lousy hedge against a lack of trust. We see this at play currently on both sides of the pond.
Investors clearly have very little trust in the European banking system at large and banks in peripheral EU countries specifically. Not only investors lack trust. The reality of bank runs in Greece should not be quickly dismissed by investors and consumers globally.
While hard dollars and cents may be viewed as the currency upon which financial institutions are measured, the real currency of these companies is trust. Despite what our central bankers and political elites may promote, the barometer of trust in our banks continues to decline. On this side of the Atlantic, we can look no further than JP Morgan and Jamie Dimon.
In one short week, this bank with its’ fortress balance sheet has suffered a 17% decline in valuation. Stories out this morning reflect a bank and a CEO which clearly took its eye off the ball in a HUGE way.
Investors are supposed to blindly trust Dimon and team? In this day and age? Yet that seems to be the belief as referenced in a Wall Street Journal report, Peering Over JP Morgan’s Hedges,
. . . investors are still being asked to take a lot on trust.
JP Morgan may be in bed with the Federal Reserve, the U.S. Treasury, and every financial regulatory organization known to mankind. Every analyst may promote JPM stock as exceptional value and screamingly cheap. However, post-2008 this little virtue known as trust trades at a much higher premium. The current price of JP Morgan stock is a clear reflection of that lack of trust. The daily trading volume across equity exchanges is also a reflection of a similar lack of trust.
To both address the question of trust and inject a little Friday morning humor into a situation where little exists, can we ever forget the individual who violated a trust of a young, innocent scholar?
Does anybody see a physical similarity between these gentlemen?
Hmmmm…..both are clearly smooth, suave, and debonair.
What about trust?
Any JP Morgan shareholders in the crowd?
Navigate accordingly!!
Larry Doyle
ISN’T IT TIME to subscribe to all my work via e-mail, an RSS feed, on Twitter or Facebook?
I have no affiliation or business interest with any entity referenced in this commentary. The opinions expressed are my own. I am a proponent of real transparency within our markets so that investor confidence and investor protection can be achieved.
Source:
Anyone can join.
Anyone can contribute.
Anyone can become informed about their world.
"United We Stand" Click Here To Create Your Personal Citizen Journalist Account Today, Be Sure To Invite Your Friends.
Please Help Support BeforeitsNews by trying our Natural Health Products below!
Order by Phone at 888-809-8385 or online at https://mitocopper.com M - F 9am to 5pm EST
Order by Phone at 866-388-7003 or online at https://www.herbanomic.com M - F 9am to 5pm EST
Order by Phone at 866-388-7003 or online at https://www.herbanomics.com M - F 9am to 5pm EST
Humic & Fulvic Trace Minerals Complex - Nature's most important supplement! Vivid Dreams again!
HNEX HydroNano EXtracellular Water - Improve immune system health and reduce inflammation.
Ultimate Clinical Potency Curcumin - Natural pain relief, reduce inflammation and so much more.
MitoCopper - Bioavailable Copper destroys pathogens and gives you more energy. (See Blood Video)
Oxy Powder - Natural Colon Cleanser! Cleans out toxic buildup with oxygen!
Nascent Iodine - Promotes detoxification, mental focus and thyroid health.
Smart Meter Cover - Reduces Smart Meter radiation by 96%! (See Video).