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Posts Tagged ‘Jamie Dimon on the health of the consumer’

Jamie Dimon: “Too Early to Say…”

Posted by Larry Doyle on July 19th, 2010 10:08 AM |

Bank CEOs tend to choose their words very carefully. On one hand, these senior executives do not want to appear overly optimistic and send a message to the marketplace that may be viewed as overly pumping their business and, in turn, their stock valuation. Similarly, the leaders of our financial institutions are never inclined to be excessively pessimistic thereby scaring clients, investors, and consumers. What is the result? Typically, we hear bank executives try a slightly upbeat but evasive enough script in which we truly need to look through the message to get the real meaning.

How often did we hear from bank executives throughout 2008 and 2009 that our economy had seen the worst and was turning the corner?  I referenced this style and these comments from Wall Street titans in my commentary from November 12, 2008, The Wall Street Model Is Broken…and Won’t Soon be Fixed! I wrote: (more…)

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Larry Doyle

Larry Doyle A Wall Street veteran's views and instincts on the markets, economy, and all things financial.







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