> It's not decision-makers looking for a policy recommendation. It's investors who want to know what will happen to their investments. Ohhh. Your position is t

> It's not decision-makers looking for a policy recommendation. It's investors who want to know what will happen to their investments. Ohhh. Your position is that the intended audience is your everyday Joe looking out for their retirement. Who amongst us hasn’t taken some of our paychecks, put it into a Roth IRA and then immediately rushed to read the words of… uh, Michael Cembalest, Chairman of Market and Investment Strategy at JP Morgan Asset Management? Your position is fascinating because now the goalposts have moved from “he’s not advocating for homelessness and an unchecked spread of a pandemic” to “actually it doesn’t matter whether or not he’s advocating for homelessness and an unchecked spread of a pandemic because his intended readers are incapable of facilitating what he’s advocating for. Under this assumption that nothing he writes could possibly be seen as bad. He could in theory instead of advocating for people being forcibly removed from their homes and thrown into abject poverty, advocate for just straight up shooting poor people in their faces. I mean surely the intended audience doesn’t have a gun! He could advocate for incest to keep family money in the family. That’s not abhorrent, it’s how the Hapsburgs did things, so it’s an objectively normal thing to say! From your position, there’s literally nothing that he could have said that you’d dislike. The level of fealty that temporarily embarrassed millionaires give to the people that don’t know that they exist is frankly phenomenal. JP Morgan isn’t going to pay you to defend them from an inconsequential internet stranger, but you post like you think they will. Edit: The part of this that’s so incredibly comical, bordering on farcical is the motion that the “intended audience” of ‘Michael Cembalest, Chairman of Market and Investment Strategy at JP Morgan Asset Management‘ does not include any any people that could be in a position to set policies regarding foreclosures. In order to believe that you have to simply believe that nobody in the banking industry talks to one another or reads anything related to their industry. It’s like a panicked lie from a toddler or a dog caught eating trash: The only option is to invent a new reality, whole cloth, on the spot and update it as needed.