Comment on JP Morgan boss Jamie Dimon sounds warning on US stock market fall
IrateAnteater@sh.itjust.works 1 day agoWhy? From a moral standpoint, dealing with the Saudis is very suspect, but from a financial standpoint, lending money to Saudi Arabia makes perfect sense. Even if EA immediately becomes worthless, Saudi Arabia owes the bank that money still. And Saudi Arabia has more than enough cashflow now and for the foreseeable future to service that loan.
krashmo@lemmy.world 1 day ago
The fact that you don’t think there’s anything wrong with separating morals from the profit motive of capitalism tells us exactly why the world is the way it is.
IrateAnteater@sh.itjust.works 1 day ago
I’m talking about who’s financial advice is valid. I’ve said absolutely fuck-all about about what you should allow to dictate your final action.
Could be that I think the morals should override the profit motive. Could be that I think profit overrides everything. Could be somewhere in-between. You don’t know, because I never said.
krashmo@lemmy.world 1 day ago
Perhaps I read into the structure of your comment too much but it really looked to me like you were making a definite statement about it and not simply contrasting the two options. Apologies if that was not your intent.
IrateAnteater@sh.itjust.works 1 day ago
Guessing intent is too difficult to do in a two sentence comment. I always try to just go with what what is explicitly written.
In this case I was just responding to the original commenter saying saying he’d take JP Morgan advice with a grain of salt due to the Saudi-EA deal. The morality of JP Morgan being involved in that deal doesn’t really factor into evaluating whether or not Jamie Dimon may be right in his public remarks about the future of stock prices.
An evaluation of the morality of that deal would be relevant if I were deciding whether or not to do business with JP Morgan, or to buy anything from EA.