The majority of the national debt it held by the people of the US through monies borrowed from SS and other slush fund programs. I believe it's in the high 80%

Simple math tells me that we are then in debt 37.6 trillion dollars.

White 17, you're good with lots of stories and data but I think your big bank numbers are way low. Jamie Dimon has serious power within the U.S. financial system and it isn't coming from only holding 1% of the outstanding Treasury paper out there.

I would say Jamie diamond is too smart to have too large a holding of US. Treasuries

Steven 49er- Do you still believe that the Federal Reserve is the master and controls the big banks...?

Pretty close.


I rounded the results . Japan's share is actually 3.3% and JP Morgan is 0.6 % six tenths of one percent.
I used 34 trillion for the national debt number.

I took the numbers directly from JPM's end of the year balance sheet. It is publicly available for scrutiny by shareholders, non-shareholders and federal regulators. I seriously doubt they would post false information. Too easy to get busted by the Fed, the SEC, and short sellers.

Recall that Dimon just a month ago said he would not be surprised to see rates go to 8% and that his bank is preparing for that possibility.
No one who believes rates might jump to 8% or even 7% is going to load up on US Treasuries. That is exactly what destroyed Silicon Valley Bank in March 2023.


If Dimon has any sort of influence in the financial system it is because he tries to remain non-political and he is well respected by his peers, and has been very successful at running JPM. He has not always been right however. Remember a couple years ago he predicted an "economic hurricane" when the Fed began raising rates. That has yet to materialize.

Watch the plunge if Trump gets elected. Money manipulators will stop because at that point their mission to give bobo something to point at will be over.

From a financial planning aspect or investment strategy for me ( am a long term investor type) I am far more concerned about the huge increase in private sector debt over the last two decades then the national debt. We seem to use the national debt as political fodder and remain pretty quiet about the rapidly rising private sector debt. Both are going up about the same rate but it seems that our citizens are not concerned about their huge debt load and thus our politicians listen to them or in this case the lack of discussion on the subject.
Bryce

Well, white 17, I guess multiple people are lying to me. We'll see.

How many banks do you think will be around in two years; 80% of what we have now, 40%, 20% or maybe just a dozen...?

JPM dude is going to retire soon
My guess is by August

The Federal Reserve is a big bank.

The biggest

This^^^

My bad, I confused jbird with jtrapper

Remember JPM is a UST primary dealer and as such they are required to participate in each treasury auction to some degree. So they are buying treasuries on a weekly basis. But when you view their balance sheet those treasuries are categorized as "available for sale". What they are buying weekly they are also selling in the secondary market.

In two years I don't think there will be any significant difference in the number of banks in the US. There may be a difference in the TYPE of banks. There may be a couple of mergers or acquisitions of smaller, regional banks. But I'd be surprised to see a wholesale exodus from that sector of the economy. Especially if the Fed really does start reducing rates.That will help out some of the less well capitalized banks. On the other hand........rates that are higher for longer also help banks by increasing their net interest income.....so there is a trade off there

For someone who only holds less than a 1% of the U.S. federal government debt, Jamie D. gets around and has some clout. Hmmm...

https://www.wsj.com/finance/regulat...-fend-off-tougher-capital-rules-b647756d

JP only made 50 billion last year with 3.5 to 4 trillion in assets.

That will give a company some "clout"

Happy NVDA earnings day

Good luck

And that's a good thing IMO

I think he is the best in the business at this point in time. As an example of how others view him....did you notice that on Monday he announced that his retirement is getting closer.? Even though he didn't give an imminent time frame JPM stock dropped 4.5 %.

Think they're gonna meet projections this go around?