Why Jamie Dimon is warning of 'cockroaches' in the US economy | Hacker News Reader

Why Jamie Dimon is warning of 'cockroaches' in the US economy

cnn.com

20 pointskoolhead1712 comments

> Even JPMorgan, which prides itself on what Dimon has dubbed a “fortress balance sheet,” suffered $170 million in losses linked to the Tricolor bankruptcy

I wonder if we'll see another wave of regional banks going under.

ETA: Oh https://www.cnbc.com/2025/10/16/regional-banks-and-jefferies...

Pre Dodd-Frank, $170M loss might have been $2000M: https://en.wikipedia.org/wiki/2012_JPMorgan_Chase_trading_lo...

Our economy is supposed to shrink as the net number of workers globally starts shrinking due to retirement as it is (Chinas workforce has decreased the last few years). Productivity enhancement can not happen fast enough to account for this.

Most if not all of them are the result of financial engineering, rather than badly run companies. Guess who enables that type of shenanigans?

it seems like that a big part of the global, especially the US economy is mostly financial engineering, passing money around and valuing things arbitrarily, propping up the GDP numbers while the real economy just keeps getting worse

I just don't know how this can last

Seems like obvious end result when incentives are there for it. Simply too much money around and funds which have to invest in something or anything. You won't get paid long if you sit on pile of cash or boring government bonds. Unless you are Buffet... Thus have to find some place to invest. And have to keep numbers looking good.

The inevitable result is misallocation at best or outright fraud at worst...

Funny that's how I would have described Jamie Dimon.

Why?

Where is Chomsky when we need him? The usage of animal names for your adversaries is full NAZI. Stop.

Esp. cockroaches, which was used by the https://www.wikipedia.org/wiki/Radio_T%C3%A9l%C3%A9vision_Li... to incite the Ruanda genocide.

The analogy that Jamie Dimon was drawing was between seeing one cockroach and there likely being many more, and problems in the banking industry - if you see a problem in one bank, others are likely to have the same problems.

I didn't see any adversaries being called out, and the imputed connection to the Rwanda genocide is completely beyond me.

So it is ok for you to call your adversaries cockroaches? Or rats?

Didn't they teach you in school how genocides are prepared?

No, it’s not okay, but it’s not what’s happening here. Read the article.

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