Best Podcast Episodes About Jamie Dimon
Everything podcasters are saying about Jamie Dimon — curated from top podcasts
Updated: Mar 31, 2026 – 18 episodes
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Ridealong has curated the best and most interesting podcasts and clips about Jamie Dimon.
Top Podcast Clips About Jamie Dimon
“Still, some top banking figures like Lloyd Blankfein from Goldman Sachs and Jamie Dimon from J.P. Morgan have been ringing alarm bells. Ultimately, though, we just don't know. And we might not, unless something else breaks.”
Ridealong summary
Top banking leaders like Lloyd Blankfein and Jamie Dimon are sounding alarms about the risks of private credit, a $3 trillion market that remains largely opaque and unregulated. Their concerns highlight the uncertainty surrounding financial stability, suggesting we may not fully understand the implications until a crisis occurs. This tension in the financial sector raises questions about the future of lending and investment safety.
“… Other folks who have applied as well, I think Ripple and many others. So this is incredible. And it's funny, it comes a couple of days after Jamie Dimon said, you know, these crypto companies want to offer stablecoin yield. They should become banks. Here you go. Right. Here you go, Jamie. It started. So this is incredible. Let me give you the details. So U.S. cryptocurrency exchange Kraken's banking unit has been granted a limited purpose master account by the U.S. Federal Reserve Bank of Kansas City, giving it direct access to the Fed's core payment system in the first for the crypto industry. …”
“… Fed approval for limited master account access. This is the first crypto company to get a Fed master account. If you recall, Caitlin Long and folks at her bank were trying to get this and they were roadblocked. And now we're starting to see the approval. Other folks who have applied as well, I think Ripple and many others. So this is incredible. And it's funny, it comes a couple of days after Jamie Dimon said, you know, these crypto companies want to offer stablecoin yield. They should become banks. Here you go. Right. Here you go, Jamie. It started. So this is incredible. Let me give you the details. So U.S. cryptocurrency exchange Kraken's banking unit has been granted a limited purpose master account by the U.S. Federal Reserve Bank of Kansas City, giving it direct access to the Fed's core payment system in the first for the crypto industry. industry, Kraken Financial, the exchange's banking unit, has gained access to the Fed's payment system, Fedwire, allowing it to move money on the same rails used by banks and credit unions. According to the announcement on Wednesday, the Federal Reserve Bank of Kansas City approved a limited-purpose account for Wyoming-based Payword Financial as a …”
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Kraken Crypto Exchange has made history by becoming the first crypto company to receive a limited master account from the U.S. Federal Reserve, granting it direct access to the Fed's payment system. This pivotal approval allows Kraken to operate like a traditional bank, potentially opening the floodgates for other crypto firms and signaling a new era for the integration of cryptocurrency into the mainstream financial system.
“… restricting private credit lending. So it's not lending to some of these private credit companies after some markdowns that happened on the weekend. Jamie Dimon CEO of JP Morgan said that there some cockroaches out there He talking to private lenders that are going to I don know die Wait wait wait Cockroaches don die I don know what he saying He said there's cockroaches and there's bad connotations. Okay, David, there's some bad connotations. And this also comes on the back. Here's a Reuters article. So this happened on March 6th, so late last week, I guess. BlackRock Fund limits withdrawals as …”
“… on this. I will say, if you don't know who Adam Cochran is, he is good at engagement and sounding alarm bells. That's kind of like his deal is what he does. Yeah, that's right. But in this case, there is some substance here. So JP Morgan is actually restricting private credit lending. So it's not lending to some of these private credit companies after some markdowns that happened on the weekend. Jamie Dimon CEO of JP Morgan said that there some cockroaches out there He talking to private lenders that are going to I don know die Wait wait wait Cockroaches don die I don know what he saying He said there's cockroaches and there's bad connotations. Okay, David, there's some bad connotations. And this also comes on the back. Here's a Reuters article. So this happened on March 6th, so late last week, I guess. BlackRock Fund limits withdrawals as redemptions rattle private credit. So what they're referring to is a BlackRock fund in the private credit industry that just said, okay, we got to cease redemptions. $26 billion lending fund. There was $1.2 billion in redemptions. And I had to call a halt on that. All redemption ceasing. And, you know, when there's kind of a run on a fund or a run on the …”
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Ridealong summary
A significant warning has emerged in the private credit market, with J.P. Morgan restricting lending to private credit firms amid alarming markdowns. Adam Cochran suggests this could signal a broader financial crisis, likening it to the subprime bubble, as major funds like BlackRock halt redemptions, raising concerns about the stability of the $2 trillion industry heavily invested in SaaS companies.
“… where, you know, she wants to put her draconian stuff. But her marching orders come from the banks. We know that she's shown her cards when her and Jamie Dimon had that hearing and they teamed up against crypto. She showed her card. So we know what her M.O. is. But, man, look at this. It's almost like she thinks we don't know what the hell happened with her against her. And guys, I tweet out about this. I believe she probably told Gensler to leave FTX alone. But we know how that ended. Right. Because remember, Gary was handing out Wells notices and lawsuits to Coinbase and other companies. Right. But …”
“… his money and you're not best friends with his parents. And, you know, Maxine Waters wasn't blowing kisses to him and all that. Come on. But, you know, she's trying to rewrite history. She's trying to get some sort of angle here on the Clarity Act where, you know, she wants to put her draconian stuff. But her marching orders come from the banks. We know that she's shown her cards when her and Jamie Dimon had that hearing and they teamed up against crypto. She showed her card. So we know what her M.O. is. But, man, look at this. It's almost like she thinks we don't know what the hell happened with her against her. And guys, I tweet out about this. I believe she probably told Gensler to leave FTX alone. But we know how that ended. Right. Because remember, Gary was handing out Wells notices and lawsuits to Coinbase and other companies. Right. But he was leaving FTX alone and the SEC was meeting with the FTX team and Sam many times. And they were if you guys recall, they were also trying to give FTX a special broker dealer license and Coinbase and other firms got a hint of that and they started fighting back. So crazy, crazy stuff that Elizabeth Warren would do this. She has no shame. And …”
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Ridealong summary
Elizabeth Warren's recent claims about Sam Bankman-Fried and the Clarity Act reveal her hypocrisy in the crypto space. Despite taking millions from SBF and being friends with his family, she attempts to distance herself from the scandal while pushing for regulations that align with big banks. This situation highlights the corrupt nature of politics and the need for accountability from all politicians.
“… Security data. His doge. Doge, yes. On Thursday, Trump announced he was suing blank for $5 billion for closing his bank accounts after January 6th. Jamie Dimon. Yeah, of J.P. Morgan. On Monday, the CEO of online retail giant Blank blamed tariffs for increased prices. Amazon. Amazon, right. This week, a California fitness company is under investigation after it was discovered that their protein powder was actually blank. Oh, cremated remains. No. No, it was actually just cake mix. According to a new study, stressing about blank can age your heart faster than cardiovascular disease. Stressing about …”
“… Mo, you're up next. Fill in the blank. On Friday, a massive blank led to severe conditions in over two dozen states. A massive cold and snowy front. Yes, a winter storm. According to DOJ court filings, Elon Musk's blank shared sensitive Social Security data. His doge. Doge, yes. On Thursday, Trump announced he was suing blank for $5 billion for closing his bank accounts after January 6th. Jamie Dimon. Yeah, of J.P. Morgan. On Monday, the CEO of online retail giant Blank blamed tariffs for increased prices. Amazon. Amazon, right. This week, a California fitness company is under investigation after it was discovered that their protein powder was actually blank. Oh, cremated remains. No. No, it was actually just cake mix. According to a new study, stressing about blank can age your heart faster than cardiovascular disease. Stressing about aging? About your health? No, about money. Oh, money. On Tuesday, officials had to release a warning after beaches in Australia recorded four blank attacks in two days. Shark attack. Right. This week, a man in New Jersey was able to escape authorities despite wearing an ankle monitor because he blanked. Oh, because, oh, he removed his ankle. A bear. A …”
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In a hilarious twist, a man evades the law by attaching his ankle monitor to a dog, leading authorities on a wild chase. This outrageous story unfolds during a lightning quiz game, showcasing the creativity of both contestants and protesters alike. Don't miss the absurdity of how a simple game reveals unexpected tales of evasion and clever antics.
“… This is JPM marking They looking into your portfolio and being like nah we don value this like you do And who runs JPMorgan again? Who's the CEO? Jamie Dimon. And what was he doing with the private credit bros like three months ago? He's taking shots. He was saying cockroaches. He was saying that there are jitters in the private credit markets. Well, this is his firm, JP Morgan, actually taking financial action against the private credit portfolios. The loans that have been devalued are to software companies, which are seen as particularly vulnerable to the onset of AI. So interestingly, it's less …”
“… credit groups with bankers looking to cut risks as concerns mount over the credit quality of companies in their stables. The bank informed private credit lenders that it had marked down the value of certain loans in their portfolios This is crazy This is JPM marking They looking into your portfolio and being like nah we don value this like you do And who runs JPMorgan again? Who's the CEO? Jamie Dimon. And what was he doing with the private credit bros like three months ago? He's taking shots. He was saying cockroaches. He was saying that there are jitters in the private credit markets. Well, this is his firm, JP Morgan, actually taking financial action against the private credit portfolios. The loans that have been devalued are to software companies, which are seen as particularly vulnerable to the onset of AI. So interestingly, it's less about data center construction. So within Blue Owl's portfolio, you have software companies, but then you also have data center construction. And the data center loans, a lot of those look really, really good because, yes, it's a big project, a full gigawatt or 500 megawatts for a Meta campus. But the company that's financing and building that data …”
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Ridealong summary
J.P. Morgan has significantly reduced lending to private credit groups, marking down the value of certain loans, particularly in the software sector. This move reflects CEO Jamie Dimon's earlier warnings about the instability in private credit markets, as concerns grow over the credit quality of these high-risk loans. The implications for software companies, especially as they face pressure from AI advancements, could reshape the lending landscape.
“… surprising is likely to be wrong. And so, you know, what we've seen has surprised me in basically every single way. JP Morgan, I remember back then, Jamie Dimon, you probably remember this too, was constantly talking about how it's all a scam and it's the worst industry in the world, et cetera, et cetera. And now JP Dimon's issuing commercial paper on Solana and coming to Breakpoint, you know, talking about it's nonsense and how far we've come, honestly. Yeah. What flipped Jamie Dimon? What changed? Did the administration change and he saw an opportunity?”
“… have called you crazy. Right. Like I would have. This is nonsensical what you're saying to me. And so, you know, the tricky thing about predicting the future is that it is always surprising. And so any prediction you have for the future that is not surprising is likely to be wrong. And so, you know, what we've seen has surprised me in basically every single way. JP Morgan, I remember back then, Jamie Dimon, you probably remember this too, was constantly talking about how it's all a scam and it's the worst industry in the world, et cetera, et cetera. And now JP Dimon's issuing commercial paper on Solana and coming to Breakpoint, you know, talking about it's nonsense and how far we've come, honestly. Yeah. What flipped Jamie Dimon? What changed? Did the administration change and he saw an opportunity?”
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Ridealong summary
In just 10 years, crypto has transformed beyond anyone's expectations, with major institutions like JP Morgan now embracing it. Initially, concepts like blockchain land deeds seemed revolutionary, but the real breakthroughs have been far more impactful. This evolution highlights how unpredictable the future of technology can be, proving that predictions often miss the mark.
“… weighing in on his side on this. So it's paying off for him, I suppose. This goes back Remember a few weeks ago we were talking about Davos and Jamie Dimon apparently getting in Brian Armstrong face wagging his finger over this issue What did he call him? You're full of shit. He said you're full of shit. You're full of shit. I guess, I mean, good on Brian for getting in there and playing the DC lobbyist game and fighting on this issue. It looks like it's paying off. Yeah. It's not over yet. This is a tweet from Ron Hammond. he's a pretty trusted political commentator. He tweeted out, the closer we …”
“And he took it as kind of a gambit. But now he's got Trump weighing in on his side on this. So it's paying off for him, I suppose. This goes back Remember a few weeks ago we were talking about Davos and Jamie Dimon apparently getting in Brian Armstrong face wagging his finger over this issue What did he call him? You're full of shit. He said you're full of shit. You're full of shit. I guess, I mean, good on Brian for getting in there and playing the DC lobbyist game and fighting on this issue. It looks like it's paying off. Yeah. It's not over yet. This is a tweet from Ron Hammond. he's a pretty trusted political commentator. He tweeted out, the closer we get to election, the midterms, the odds for the Clarity Act passage gets lower. The banks know this. Stall for long enough till election politics takes over. It's a classic lobbying tactic. But Trump is the kind of X factor that could force the political calculus to change. And so this is just like some good old Clarity commentary about the timing …”
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Ridealong summary
Trump's support could drastically change the political landscape for the Clarity Act, which is facing increasing odds against passage. Recent tweets reveal a growing optimism in the crypto community despite political stalling tactics from banks. As the midterms approach, the stakes are high, and the outcome remains uncertain.
“… commander to call. It's a very different approach now they're taking when it's decentralized. And we'll see what happens with this as it's going. Jamie Dimon was asked about how this affects the economy. Here's what Jamie had to say. He says Iran's conflict won't be major inflationary hit. Rob, I don't know if you have a clip on this. I think you do. Go for it As people kind of think about the potential ripple effects of higher oil prices for example obviously today move is just one day Do you see a risk that this could lead to sustained inflation over the long run I don't think this thing in an …”
“… you like me? Should I attack? Should I not? What do we do next? Listen, what do you think is right? Go do it. They have gotten to the point that they have to do that because, you know, you'll typically have a general to call. You'll typically have the commander to call. It's a very different approach now they're taking when it's decentralized. And we'll see what happens with this as it's going. Jamie Dimon was asked about how this affects the economy. Here's what Jamie had to say. He says Iran's conflict won't be major inflationary hit. Rob, I don't know if you have a clip on this. I think you do. Go for it As people kind of think about the potential ripple effects of higher oil prices for example obviously today move is just one day Do you see a risk that this could lead to sustained inflation over the long run I don't think this thing in an isolated way will. I think there's some risk there's more inflation than people think, and that could be like a skunk in a party if that ever happens. Hopefully it doesn't happen, and no one actually knows. But this right now will increase gas prices a little bit. And again, if it's not prolonged, there's not going to be a major inflationary hit. …”
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Ridealong summary
Iran's president has shifted decision-making power to local governors, a move driven by uncertainty over leadership survival. This decentralization reflects a desperate strategy in response to potential conflicts, raising questions about the future of Iranian governance and its global implications. Meanwhile, financial expert Jamie Dimon warns that prolonged conflict could lead to inflationary pressures, but believes the immediate impact will be minimal.
“… and these people do another. And if you do do that, the public will pay. It will get bad. Interesting statement. The public will pay. Coming from Jamie Dimon. That is not where it stopped, though. There's a lot happening in some of these roundtables and things are getting a little bit dicey. I've got a clip here of Ripple's head of policy. Take a look. These are pretty common sense things to want to be able to provide rewards. So I actually feel that the debate right now feels a little bit like theater. And how do we solve this? How does the movie end? How does the movie end? The movie ends, and I …”
“… bank, become a bank. Then you can do whatever you want. People should take a deep breath. What does you want to, and we want competition. You know, we're actually one of the biggest users of blockchain. It can't be you have these people doing one thing and these people do another. And if you do do that, the public will pay. It will get bad. Interesting statement. The public will pay. Coming from Jamie Dimon. That is not where it stopped, though. There's a lot happening in some of these roundtables and things are getting a little bit dicey. I've got a clip here of Ripple's head of policy. Take a look. These are pretty common sense things to want to be able to provide rewards. So I actually feel that the debate right now feels a little bit like theater. And how do we solve this? How does the movie end? How does the movie end? The movie ends, and I think it's specific from the Ripple perspective. We start looking at the scale of how Stablecoins is going to be integrated. It will be prudent for traditional finance to come to the table and want to give these benefits to their consumers. Whoa. All right. That's a hammer dropping right there on the banking industry coming in from Ripple …”
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Ridealong summary
Jamie Dimon warns that if banks don't adapt to the evolving stablecoin landscape, the public will suffer. Ripple's head of policy adds that traditional finance must engage with the crypto world to unlock new opportunities. This pressure from both sides could lead to significant changes in banking regulations and practices.
“Now you're looking at the S&P 500. I've got a clip here of Jamie Dimon talking about weird things happening. Take a look. You know, one of the people who was there through the financial crisis at the helm of the big bank. He's the only one at this point. He's the only man standing, right? Among those big bankers. What is he saying? He's referencing lending. Lending practices that if you are going to a firm, let's keep with Apollo, but there are so many others that we could use as examples. The pricing on these …”
“Now you're looking at the S&P 500. I've got a clip here of Jamie Dimon talking about weird things happening. Take a look. You know, one of the people who was there through the financial crisis at the helm of the big bank. He's the only one at this point. He's the only man standing, right? Among those big bankers. What is he saying? He's referencing lending. Lending practices that if you are going to a firm, let's keep with Apollo, but there are so many others that we could use as examples. The pricing on these loans is so much different than let's say how you price Apple stock. It's not as liquid. And so there might be underlying stress, but the price doesn't reflect that. But if there gets to a point, like we've seen with some of the cockroach examples, where at the end of the day, there's massive selling, and then the price does have to reflect the …”
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Jamie Dimon warns that private credit may be signaling a looming market crisis, as lending practices show discrepancies that could lead to a snowball effect of selling. With signs of a bubble in the AI sector and software stocks collapsing, the economy might be on the brink of a significant downturn. If trends continue, we could see prices plummet to the 50s after a brief bounce.
“… the financial system even as he urged a thoughtful approach. So, folks, many takeaways here. First, another major domino falling, right? Remember, Jamie Dimon was the big one. He started going around saying Bitcoin and crypto are great. They're good. Blockchain and stable coins are real. So he's flipped his two and Vanguard has capitulated. And here, David Solomon, who once criticized Bitcoin and crypto, now saying he owns some and the bank is ready to do more, but we need legislation. Now, notice he says that it's holding back capital. It's what I've been telling you guys, that once this bill is …”
“… system with tokenization poised to play a central role in future market infrastructure. He said Goldman's limited crypto involvement has been driven largely by what he called prohibitive regulation, warning that excessive rules can drain capital from the financial system even as he urged a thoughtful approach. So, folks, many takeaways here. First, another major domino falling, right? Remember, Jamie Dimon was the big one. He started going around saying Bitcoin and crypto are great. They're good. Blockchain and stable coins are real. So he's flipped his two and Vanguard has capitulated. And here, David Solomon, who once criticized Bitcoin and crypto, now saying he owns some and the bank is ready to do more, but we need legislation. Now, notice he says that it's holding back capital. It's what I've been telling you guys, that once this bill is passed, it's going to open up a lot of liquidity and capital to come into the market. So there's trillions sitting on the sideline ready to move forward. He also highlighted that tokenization is the future of markets and finance. Right. So Larry Fink gave the signal a couple of years back saying tokenization is the future of finance. I've been telling …”
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Goldman Sachs CEO David Solomon has shifted his stance on Bitcoin, now admitting he owns a small amount and sees it as part of an evolving financial system. He emphasizes that regulatory barriers are holding back capital from entering the market, suggesting that once legislation is passed, trillions of dollars could flow into crypto. This represents a significant change in attitude from traditional finance towards cryptocurrency, indicating a broader acceptance of tokenization in the future of markets.
“… were based on the Lotus platform back then. But this is like 2014 or 2015 or something like that. That thing. Whoa! He pulled up in that. That's Jamie Foxx's car. Like a Batmobile kind of thing. Exactly. So he pulled up next to me, and I was like, who's driving that fucking thing? Damn. And Jamie Foxx got out, what's up, Joe? I'm like, oh, what's up, Jamie? What do you do? But he's cool. He's like a normal dude. Yeah, and he did it all. He did stand-up. He did a living color. He had his own sitcom and then the movies. Ultra, ultra talented. Can sing. Oh, yeah. He can act. And he can act in …”
“… futuristic-looking bulletproof car. It's like a Resvani tank. What? Pull it up. Oh, it's cool-looking. Is it electric? No. No, this is a long time ago, before electric cars. This is probably 2000. Well, there was some Teslas, the real small ones that were based on the Lotus platform back then. But this is like 2014 or 2015 or something like that. That thing. Whoa! He pulled up in that. That's Jamie Foxx's car. Like a Batmobile kind of thing. Exactly. So he pulled up next to me, and I was like, who's driving that fucking thing? Damn. And Jamie Foxx got out, what's up, Joe? I'm like, oh, what's up, Jamie? What do you do? But he's cool. He's like a normal dude. Yeah, and he did it all. He did stand-up. He did a living color. He had his own sitcom and then the movies. Ultra, ultra talented. Can sing. Oh, yeah. He can act. And he can act in comedy. He can act in drama. He can play a nerd. He can play a killer. He can play anything. I just rewatched Ray. It's incredible. It's amazing. Oh, yeah. He kills that role. How good is he singing it? That's him singing. Yeah. I didn't realize Ray was such a junkie. Was he? Yeah, that's right. Big heroin guy. That's why he was all moving like that. …”
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In a hilarious twist, comedian Mark Normand shares his unexpected encounter with Jamie Foxx at a gas station, where they discuss everything from futuristic cars to Foxx's incredible talent. The segment takes a wild turn as they dive into quirky conspiracy theories and Erica Kirk's intense persona, making it a delightful blend of celebrity anecdotes and absurd humor.
“… service offerings under a federal framework, including those that fall under the Genius Act. It's so funny, you know, we talked about it Yesterday, Jamie Dimon, the other day, came out criticizing crypto companies, asking for a level playing field. And he's like, you know, these crypto companies want to offer stablecoin rewards or yields. They should become banks. And here you go, Jamie. Many of these crypto companies are getting the licenses to become banks and to have the master accounts and so forth. So paradigm shift is taking place.”
“… brokerages, and fintechs that it serves. Here's a quote, with the federal legislative and regulatory landscape for stablecoins and digital assets rapidly maturing, an OCC National Trust Bank charter will permit ZeroHash to continue to expand its service offerings under a federal framework, including those that fall under the Genius Act. It's so funny, you know, we talked about it Yesterday, Jamie Dimon, the other day, came out criticizing crypto companies, asking for a level playing field. And he's like, you know, these crypto companies want to offer stablecoin rewards or yields. They should become banks. And here you go, Jamie. Many of these crypto companies are getting the licenses to become banks and to have the master accounts and so forth. So paradigm shift is taking place.”
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Ripple's recent partnerships and acquisitions signal a shift in the crypto landscape, as companies like Zerohash seek bank charters to expand their services. This follows the SEC dropping claims against Justin Sun and Tron, suggesting a more favorable regulatory environment for crypto innovation. As major players push for banking licenses, the future of crypto integration with traditional finance looks promising.
“… huge tax benefits and you have peace of mind with the custody option so all the links will be in the description now you won't believe what bankster jamie diamond had to say today uh he was interviewed on cnbc and uh you know he's changed his tune on crypto now he's fighting with the other banks against stable coin yield. But let me give you some of the generic things he had to say about AI and crypto. So he said, AI is real. Companies should deploy it. It could mean three to four day work weeks. But if adoption moves too fast, job losses could outpace retraining. Government should step in with …”
“… services. So if you'd like to learn more about iTrust Capital, visit the link in the description if you use my link guys you can get a hundred dollar funding bonus so check it out uh again i have an account with them and it's a great option again huge tax benefits and you have peace of mind with the custody option so all the links will be in the description now you won't believe what bankster jamie diamond had to say today uh he was interviewed on cnbc and uh you know he's changed his tune on crypto now he's fighting with the other banks against stable coin yield. But let me give you some of the generic things he had to say about AI and crypto. So he said, AI is real. Companies should deploy it. It could mean three to four day work weeks. But if adoption moves too fast, job losses could outpace retraining. Government should step in with income assistance plus training, but they're not prepared. He says on crypto market structure, banks say rewards equals interest. If you pay on balances, you should be regulated like a bank we've been firm if you want to be a bank become a bank then you can do whatever you want um he also said uh banks want a level playing field with crypto firms …”
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Jamie Dimon, CEO of JPMorgan, has dramatically shifted his stance on cryptocurrency, now acknowledging its permanence in the financial landscape. After years of criticism, he claims banks need to compete with crypto firms, revealing a deeper motive tied to bank bonuses and market control. This change reflects a broader trend where traditional banks are adapting to the growing influence of digital currencies.
“… has been we've been documenting it in timestamp, and you've been talking about it a lot on the show, you're seeing more and more signs of what Jamie Dimon called cockroaches in the system. And last week, we got some pretty notable headlines of Blackstone and BlackRock both having pretty big redemptions out of two of the biggest private credit funds in the world. BlackRock actually had to end up gating theirs. You can see down at the bottom right there is the first quarter in which that particular fund saw withdrawal requests succeeding 5% of assets. Blackstone allowed full withdrawals, but it's …”
“… of the treasury market right now. I think we also got, you know, some interesting headlines last week that maybe got a little blurred by everything that was going on in the Middle East and perhaps rightfully so. But, you know, the private credit situation has been we've been documenting it in timestamp, and you've been talking about it a lot on the show, you're seeing more and more signs of what Jamie Dimon called cockroaches in the system. And last week, we got some pretty notable headlines of Blackstone and BlackRock both having pretty big redemptions out of two of the biggest private credit funds in the world. BlackRock actually had to end up gating theirs. You can see down at the bottom right there is the first quarter in which that particular fund saw withdrawal requests succeeding 5% of assets. Blackstone allowed full withdrawals, but it's 8% of the asset base. So pretty significant in both cases, especially given how both of those are blue chips in the alternative asset management industry. And these are highly scaled funds, right? It's not some tiny $100 million vehicle somewhere. These are pretty meaningful headline funds in big numbers.”
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The U.S. is strategically targeting China's supply lines to gain an edge in the AI and economic dominance race. By potentially enduring short-term pain from rising oil prices, the U.S. aims to cripple China's manufacturing capabilities while leveraging its own natural resources. This geopolitical chess match could redefine global power dynamics.
“… time founder, you don't have the relationships with the government or whatever. Like, hey, I just started a company. I've got regulatory issues. Jamie Dimon, can you have lunch with me? Yeah, like good luck. So that's that's a big one. Yeah. One of the ones that I don't feel strongly about, but I'm less sure on is like the platform stuff. And I'm curious to pull that open a little bit. What are the platform services that you're most confident work? And then what are the ones that you're least confident work? I actually think they all work because we've kind of moved away from the ones that didn't …”
“… they're big enough. And then, you know, they get bigger and that goes back to the firm. And it's like this positive flywheel that seems like a big one. These relationships, I think like you're talking about are very hard to get if you're like a first time founder, you don't have the relationships with the government or whatever. Like, hey, I just started a company. I've got regulatory issues. Jamie Dimon, can you have lunch with me? Yeah, like good luck. So that's that's a big one. Yeah. One of the ones that I don't feel strongly about, but I'm less sure on is like the platform stuff. And I'm curious to pull that open a little bit. What are the platform services that you're most confident work? And then what are the ones that you're least confident work? I actually think they all work because we've kind of moved away from the ones that didn't work. Can you talk about some of the ones that, you know, that's fine? Yeah, I mean, like, so we did some things early where we were publishing sort of, you know, we had this thing where we were going to have sort of general research ideas or whatever, you know, for the entire startup community. But like it turns out that that works really well if …”
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Effective recruiting can make or break a startup's success, especially for Series A companies. The first few hires are critical, as they set the foundation for future growth and culture. A strong venture capital network can provide essential connections to attract top talent, but startups must also build their own recruiting capabilities to thrive.
“… spooks everybody because then, well, how much else of it is out there, right? We don't know what the liabilities are. Right. And so, and who was it? Jamie Dimon made some comment recently, like, if there's one cockroach, there are usually more. And what he was referring to is like, nobody's paying attention to this, you know, companies that are getting loans that shouldn't be getting loans that they go bad? And then what are the knock on effects? And they're like, probably a lot of other borrowers out there that are like this. And we just don't know what their connectedness is. And so all of these …”
“… the interconnectedness of them in the same way that leading up to the financial crisis. The subprime stuff. Yeah, it's kind of similar to that. It's phantom debt. that nobody can see. And when you don't know that it is out there, if it goes bad, it spooks everybody because then, well, how much else of it is out there, right? We don't know what the liabilities are. Right. And so, and who was it? Jamie Dimon made some comment recently, like, if there's one cockroach, there are usually more. And what he was referring to is like, nobody's paying attention to this, you know, companies that are getting loans that shouldn't be getting loans that they go bad? And then what are the knock on effects? And they're like, probably a lot of other borrowers out there that are like this. And we just don't know what their connectedness is. And so all of these things, the war, the AI bubble, and credit markets, they're all kind of distinct, but they can feed on each other, right? Like, let's say you have one big, highly leveraged company go bust, and it spooks lots of other investors. And suddenly that's a time when people say, hey, like I'm going to reevaluate what's in my portfolio. Why is 50 percent of my …”
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Ridealong summary
The AI bubble may lead to a massive economic collapse, especially if bad investments in AI and private credit markets go unnoticed. With interconnected risks from rising energy prices and the potential for significant company failures, the U.S. economy could spiral into a global depression. Current leadership seems oblivious to these looming threats, risking a catastrophic fallout.
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