Donald Trump and Carl Icahn Agree: US Economy is in a Big Fat Bubble
I was extremely surprised to learn that Donald was running for President and even more surprised that he stated he would make me Secretary of Treasury. I am flattered but do not get up early enough in the morning to accept this opportunity.There are others much more knowledgeable than I concerning Presidential elections. I will therefore decline to opine on his chances. But I am knowledgeable concerning markets and believe Donald is completely correct to be concerned that we have “a big fat bubble coming up. We have artificially induced low interest rates.”I personally believe we are sailing in dangerous unchartered waters. I can only hope we get to shore safely. Never in the history of the Federal Reserve have interest rates been artificially held down for so long at the extremely low rates existing today. I applaud Donald for speaking out on this issue – more people should.
Source: http://prudentinvestornewsletters.blogspot.com/2015/06/donald-trump-and-carl-icahn-agree-us.html
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