They keep telling us the deal is back. Jobs, growth, a rising tide — and this week we get the bonus report from the finance boys, because nothing says ‘forgotten man’ like a ninety-billion-dollar profit pace and a bonus pool state budget officials are now forecasting to grow.
Jamie Dimon at JPMorgan says it’s ‘getting close to as good as it gets.’ Sure it is, for him. Markets are volatile, which the article says is great for banks — funny, volatility is what moves my grocery bill. The AI boom needs endless financing, so the money chases the money, and the money lands in a bonus season in New York.
And then they print the part they hope you skim past. Volvo’s CEO said it plain: when the consumer isn’t confident, they keep the car another year. That’s not a consumer. That’s a household deciding between the next repair bill and anything else.
Meanwhile Texas is out here begging these same finance firms to set up shop, New York counting on securities taxes for a fifth of every dollar the state collects, both states racing to see who can offer Dimon’s crowd more desks. Neither one of them asking what gets left on the table for the rest of us.
This isn’t trickle-down. It’s a goddamn faucet with the handle welded shut.
Congratulations to the bonus class. The rest of us get the lecture, the higher prices, and the car that won’t die. Eat shit. The good times were never ours — they were only ever held in our name.
Source story: Texas finance jobs grew nearly 26% from 2019 to 2025, more than double New York’s 12%.