Ooops ! JP Morgan…

Dimon’s backpedaling is not a surprise.
China’s silence and lack of rebuke makes for good viewing.

It’s another case of knowing and watching how the world works.

One could paraphrase it as ‘knowing which side your bread is buttered’.

“Earlier this year, the bank one approval from Chinese regulators to fully own its Chinese securities venture…….”

https://www.bloomberg.com/news/articles/2021-11-24/jpmorgan-started-damage-control-as-soon-as-dimon-made-china-joke?sref=qLOW1ygh

November 25, 2021
by Rob Zdravevski
rob@karriasset.com.au