Subject: Re: Krugman on the Fed
I have a lot of friends who are Democrats, and they’re idiots. I always say they have big hearts and little brains. They do not understand how the real world works. Almost every single policy rolled out failed.”
Jamie Dimon

Yes these idiots with all their failed policies...
Clean air and water standards, worker safety protections, 40 hour work week, social security program, civil rights movement,
equal rights movement, discrimination protections, school lunch programs, organized labor, child labor laws, minimum wage, medicare, employee health care benefits,
Americans with Disabilities Act, the Freedom of Information Act, Obamacare, the Voting Rights Act, food and drug safety regulations, collective barganing....
and everything else they have done to put power back in the hands of the individual and out of the hands of the ruling class and corporate elite.

Meanwhile take a gander at some of the failed, wasteful garbage that Dimon/JP Morgan is getting rich selling:
JPMorgan SMID Cap Equity C Fund ODMCX
Morningstar rates it 1 star. (A monkey with a dartboard could beat it!)
The expense ratio is 1.59%. (10X what a comparable index fund would charge.)
It has underperformed the index in every time period imaginable, YTD, 1-Year, 3-Year, 5-Year, 10-Year and 15-Year! Total fail!
https://www.morningstar.com/fu...

Or...
Another incompetent, joke of a Fund is JPMorgan Small Cap Value R2 JSVZX.
Morningstar rates it 2 stars. (A monkey with a dartboard...)
The expense ratio is 1.49%. (10X what a comparable index fund would charge.)
It has underperformed the index in 1-Year, 3-Year, 5-Year, 10-Year and 15-Year! A total failure!
https://www.morningstar.com/fu...

I could go on and on...
Go to Morningstar and see for yourself how many JP Morgan funds are nothing more than unethical money grabs.
JP Morgans wasteful, garbage, active funds have cost American investors billions of dollars and for him to pretend like he cares anything about failure, wastefulness or how the real world works is truly laughable...
John Bogle: "If the data do not prove that indexing wins, well, the data are wrong."
Is Jamie Dimon too dishonest to admit this truth or is he too dumb to understand how the "real world works?"
Asking for a friend.