"What country are we not paying enough attention to?"
JPMorgan CEO Jamie Dimon:
"Europe's GDP per person has gone from 90% of America to 70% because of their own bad policies. And that's going to hurt us one day."
"I would give them one big beautiful free trade bill. The whole of Europe. It would be unbelievable for their growth and for our growth."
"It's when the economy can no longer afford the military they need. That's the problem, and Europe is kind of there right now. And we're staring that in the face."
The Hill & Valley Forum 2026
@HillValleyForum@jpmorgan@ChairmanG
🧵 China’s population collapse is now mathematically irreversible.
There simply aren’t enough women left of childbearing age.
Even if the fertility rate magically returned to replacement level (2.1 children per woman) tomorrow, the country would still lose more than 40% of its population by 2100.
It won't. The real number is 75%. There's nothing like it in history. 🧵
Once you become the Indiana Bears, you might as well keep going all the way to New Buffalo and be somewhere pleasant at least.
Hammond is the armpit of Northwest Indiana, which is already the armpit of both Chicagoland and Indiana.
@MikeNellis Wrong. State should definitely feed kids who need it - not all kids need it. I live in Michigan, my kids should not be on the take. More unneeded government bloat & waste of money.
Elon Musk just put the entire university system on trial.
Not the curriculum. Not the professors. The premise.
Musk: “You don’t need college to learn stuff. Everything is available basically for free. You can learn anything you want for free.”
For a thousand years, universities held one monopoly. Access. You paid the toll or you stayed ignorant.
The internet erased that in a decade.
Every lecture. Every framework. Every textbook. Free. From any screen on Earth.
The six-figure tuition is no longer buying knowledge. It is buying a signal.
Musk: “There is a value that colleges have, which is seeing whether somebody can work hard at something, including a bunch of annoying homework assignments, and still do their homework assignments.”
That is the product. Not intelligence. Not creativity. Not vision. Compliance.
You are paying $200,000 to prove you can tolerate bureaucracy on a schedule.
Musk: “Colleges are basically for fun and to prove you can do your chores. But they’re not for learning.”
The entire system is a sorting machine for corporate HR. It does not measure what you can build. It measures whether you can sit still, follow directions, and deliver on command.
Four years of obedience dressed as education.
Musk: “If you’re trying to do something exceptional, you must have evidence of exceptional ability. I don’t consider going to college evidence of exceptional ability.”
The system optimizes for average. It rewards the compliant. It certifies the patient. It quietly filters out everyone who refuses to wait for permission.
The ones who reshaped the modern world never finished the test.
Musk: “Gates is a pretty smart guy, he dropped out. Jobs is pretty smart, he dropped out. Larry Ellison, smart guy, he dropped out.”
They did not drop out because it was too hard. They dropped out because the speed limit was too low.
The most dangerous thing a university does is convince a generational talent that finishing the syllabus is the achievement.
It is not. It is the floor.
A degree is a receipt for compliance. The future has never belonged to people who finish their homework. It belongs to the on
"We are going to use the power of government to lower prices and make it easier for New Yorkers to put food on the table." - Zohran Mamdani
I would love for this genius to point to one example of the government lowering prices on anything in history.
Tu confonds deux choses, et c'est exactement le piège que la French Theory a tendu.
Liberté, égalité, fraternité — égalité *de droits*, égalité *devant la loi*, égalité *de dignité*. C'est la promesse républicaine, et personne ici ne l'attaque.
Le wokisme, ce n'est pas ça. C'est l'égalitarisme des résultats. Et l'égalitarisme des résultats, contrairement à l'égalité des droits, n'est pas un élargissement de la liberté — c'est sa négation.
Quelques exemples concrets :
— San Francisco supprime les classes de maths avancées au collège pour "réduire les inégalités". Résultat : les écarts entre élèves explosent, les familles aisées prennent des cours privés, les pauvres se font enterrer. L'égalitarisme a creusé l'inégalité.
— Les politiques de discrimination positive à Harvard : étudiants admis avec des scores très en dessous de leurs camarades, taux d'échec dispropportionné, sentiment d'imposture, ressentiment généralisé. On a saboté ceux qu'on voulait aider.
— L'aide humanitaire qui distribue du riz gratuit pendant 30 ans en Afrique : effondrement des filières agricoles locales, dépendance institutionnalisée. Donner un poisson, c'est empêcher d'apprendre à pêcher.
Le wokisme ne détruit pas l'humanité dans le sens dramatique. Il fait pire : il dessert systématiquement ceux qu'il prétend protéger, et il génère du ressentiment des deux côtés — ceux qu'on infantilise et ceux qu'on culpabilise.
La fraternité républicaine dit : tu es mon égal, donc je te traite en adulte capable.
Le wokisme dit : tu es ma victime, donc je dois te protéger de toi-même.
L'un élève. L'autre infantilise. Ce n'est pas la même chose, et confondre les deux est exactement le tour de passe-passe qu'on dénonce.
Congratulations on kicking the can down the road.
The Mayor’s deficit closing relies primarily on a huge bailout from Albany ($8b over 2 years) and delayed payments like pension costs which just get stretched farther into the future
@Luke_Elvy It must be the 10’s & 10’s of fans that watch each week that they enjoy so much 🙄. This is all lip service, what else are they going to say?
Milton Friedman on 4 ways to spend money:
1) Your money on yourself (you’re careful about both cost and quality)
2) Your money on others (you care about cost, less about quality)
3) Someone else’s money on yourself (you care about quality, not cost)
4) Someone else’s money on others (you care about neither)
The last one is how government spending works.