'The only way to stop today’s raging inflation is with aggressive monetary tightening or with a collapse in the economy,' Bill Ackman said. Economics
Bill Ackman is the founder and CEO of Pershing Square Capital Management, a hedge fund management company founded in 2004.explained on Twitter that if the Fed doesn’t step in to fix inflation, the market will complete the job.. “Markets are imploding because investors are not confident that the Federal Reserve will stop inflation. If the Fed doesn’t do its job, the market will do the Fed’s job, and that is what is happening now.
Ackman is not the only one that’s concerned about the Federal Reserve’s ability to stop inflation. Gold bug and economist“Don’t try to figure out why inflation is so high now, but why it’s been so low in the past,” Schiff Similar to Schiff’s commentary, the Pershing Square founder explained that inflation could end up being a long-term problem. Ackman continued:
Singapore Latest News, Singapore Headlines
Similar News:You can also read news stories similar to this one that we have collected from other news sources.
‘Markets are imploding’ because the Fed isn’t doing its job, says billionaire investor Bill Ackman“How does this downward market spiral end? It ends when the Fed puts a line in the sand on inflation and says it will do ‘whatever it takes,’” hedge-fund billionaire Bill Ackman said.
Read more »
Here’s the signal for investors from the deep pessimism of Bill Ackman and George SorosThe editor of the MacroTourist newsletter sees a possible short-term bottom amid thick-as-fog bearishness out there.
Read more »
Gov. Dunleavy signs bill streamlining effort to bring nuclear microreactors to Alaska villagesGov. Mike Dunleavy signed legislation that could help bring nuclear microreactors to Alaska in the coming years, in an effort to help villages lower high electricity prices.
Read more »
Delaware governor vetoes marijuana legalization billDelaware Gov. John Carney has vetoed a bill to legalize possession of up to one ounce of marijuana by adults for recreational use.
Read more »
Bill Nye the Science Guy accused of ‘selling out’ to Coca-ColaBill Nye the Science Guy, one of America’s most beloved television personalities, has been accused of “selling out” to The Coca-Cola Company by “greenwashing” its reco…
Read more »
Bill Gates Explains Why He Doesn’t Own Any CryptocurrencyThe fourth-richest person in the world says in a Reddit ‘Ask Me Anything’ session that he likes investing in things that have “valuable output.”
Read more »