Carl Icahn is warning again of bubbles in art and RE, I have been saying there has been a bubble in art, real estate & private car collections for a few years now, the bubble just keeps on getting bigger and bigger, this is common sense yet only a few people see it happening the rest are obvious to it and keep paying record auction prices for art and cars, he said "THE FED MAY HAVE BACKED ITSELF INTO A CORNER", MAY???? hahah they already have, there isnt any MAY HAVE, they HAVE backed themselves into a corner with no way out.......
He goes on to say "WHERE DO YOU DRAW THE LINE"
I have an answer for that, ITS TOO LATE TO DRAW THAT LINE, the bubble is too big now, the fed has once again created another crisis that it cannot stop, as I have repeated many times over THE ONLY WAY TO CREATE GROWTH IN OUR NEW WORLD ECONOMIES IS THROUGH THE CREATION OF ASSET BUBBLES!!!!!!!!!
THE FED IS WAY TO LATE TO RAISE RATES NOW, fu$king FOOLS!
Danger ahead—that's the warning from Carl Icahn in a video coming Tuesday.
The activist says low rates caused bubbles in art, real estate and high-yield bonds—with potentially dramatic consequences.
"It's like giving somebody medicine and this medicine is being given and given and given and we don't know what's going to happen - you don't know how bad it's going to be. We do know when we did it a few years ago it caused a catastrophe, it caused '08. Where do you draw the line?"
Read MoreWhat happened to bond bubble? It's ready to pop
In a telephone interview, Icahn said he's "more hedged now than I've been in years."
"The Fed may have backed itself into a corner. They should have absolutely raised rates six months ago," adding it's difficult now because of global concerns.
He goes on to say "WHERE DO YOU DRAW THE LINE"
I have an answer for that, ITS TOO LATE TO DRAW THAT LINE, the bubble is too big now, the fed has once again created another crisis that it cannot stop, as I have repeated many times over THE ONLY WAY TO CREATE GROWTH IN OUR NEW WORLD ECONOMIES IS THROUGH THE CREATION OF ASSET BUBBLES!!!!!!!!!
THE FED IS WAY TO LATE TO RAISE RATES NOW, fu$king FOOLS!
Danger ahead—that's the warning from Carl Icahn in a video coming Tuesday.
The activist says low rates caused bubbles in art, real estate and high-yield bonds—with potentially dramatic consequences.
"It's like giving somebody medicine and this medicine is being given and given and given and we don't know what's going to happen - you don't know how bad it's going to be. We do know when we did it a few years ago it caused a catastrophe, it caused '08. Where do you draw the line?"
Read MoreWhat happened to bond bubble? It's ready to pop
In a telephone interview, Icahn said he's "more hedged now than I've been in years."
"The Fed may have backed itself into a corner. They should have absolutely raised rates six months ago," adding it's difficult now because of global concerns.
