Carl Icahn Worried About Yellen’s Excessive Money Printing

By on July 17, 2014

Carl Icahn interviewCarl Icahn, speaking to CNBC’s Scott Wapner, said he was concerned about excessive leverage and derivatives “in this cycle that we’re in.” Icahn asked “don’t you worry a little bit” when Janet Yellen says during her testimony that effects of monetary policy are not well understood. You have to be worried about the excessive printing of money, Icahn added.

Icahn gave credit to former Fed chairman Bernanke for saving this country from the financial disaster that Wall Street created.

Icahn likened the Fed’s current policy to giving a patient medicine, not knowing its effects, but noticing it making him feel better, so just continue giving it to him until “maybe he blows up or something.”

Back in January 2013, Icahn was heard feuding with Bill Ackman in their infamous CNBC interview [link].

2 Comments

  1. Evan Williams

    July 30, 2014 at 12:31 pm

    It seems nearly everyone is negative on the market. This can mean only two things: it will move sideways or up. Those who bet against human engine-uity lose their assets. This talk of geopolitical risk is farcical and are just blips on the radar of the markets. No need to worry.

  2. Henry McKenna

    September 8, 2014 at 9:12 pm

    Nobody knows the ultimate ramifications of the money printing. In fact, it is now seen as the salvation for the world’s economies as they each vie to outprint each other. It is not a bad thing as long as the inflation boogeyman is kept at bay. But once this monster is unleashed watch out.

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