An article published today by The Guardian quoted Jamie Dimon: "The US is about to enter a post-pandemic boom, according to JP Morgan boss Jamie Dimon, even though it has been 'torn and crippled by politics, as well as racial and income inequality.'" ... says the guy with an eight-figure salary. You can read The Guardian article here: https://www.theguardian.com/busines...s-post-pandemic-boom-racial-income-inequality And you can read his letter to shareholders, which is part of JP Morgan's annual report, here: https://www.jpmorganchase.com/conte...tor-relations/documents/annualreport-2020.pdf What is interesting is that The Guardian kind of took that quote out of context. Not in a way that fundamentally altered its meaning, but nevertheless stripped it of some very relevant context. Here's what the letter to shareholders actually says: China’s leaders believe that America is in decline. They believe this not only because their country’s sheer size will make them the largest economy on the planet by 2030 but also because they believe their long-term thinking and competent, consistent leadership have outshone America’s in so many ways. The Chinese see an America that is losing ground in technology, infrastructure and education – a nation torn and crippled by politics, as well as racial and income inequality – and a country unable to coordinate government policies (fiscal, monetary, industrial, regulatory) in any coherent way to accomplish national goals. Unfortunately, recently, there is a lot of truth to this.