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Entertainment Crash Warning: Carl Icahn warns before long-term consequences of inflation

05:50  22 october  2021
05:50  22 october  2021 Source:   finanzen.net

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Legendary hedge-fund manager and former Trump adviser Carl Icahn warned that rising inflation is leading to a crisis. "I really think there will be a crisis the way we are going, the way we are printing money, the way we are going into inflation ," said Icahn , 85, who is worth an estimated billion. "If you look around you, you see inflation all around you, and I don't know how you deal with that in the long term ."

Billionaire investor Carl Icahn warned Tuesday that the next market crisis may be on the horizon With the United States government continuing to stimulate the economy, Icahn stated that he fears Before deciding to trade in financial instrument or cryptocurrencies you should be fully informed of the

inflation worries weigh the investors upshine more than ever. Large investor Carl Icahn also assumes that the theme will accompany the markets for a while - with far-reaching consequences.

Hannelore Foerster/Getty Images © Provided by Finanzen.net Hannelore Foerster / Getty Images

• Inflation theme loads the markets

• Carl Icahn warns against crisis

• Renewable energies winning the importance

Inflation theme keeps investors in breath

At the market, current inflation worries the investors hold onto trot. A particularly strong demand as well as problems in the supply chain, which was additionally fueled by the pandemic, led to inflation in the US in August climbed a new 30-year high. Even economic aids of the central banks, which should serve for economic coping with the Corona crisis, contributed their rest. Thus, the core price index rose for personal consumption spending, which excludes food and energy costs, by 0.3 percent and thus was 3.6 percent higher than in the same period of the previous year. The index is considered the preferred inflationary measure of the US Federal Reserve Fed. And even if energy prices are not included in the key figure, the price pressure lasts mostly in this sector. A development that is likely to manifest itself in high heating costs especially with regard to the upcoming winter.

Great Britain: The "King of Chicken" fears a two-digit inflation on food

 Great Britain: The GB-Cha-N-D-SUPPLY: Great Britain: the "Chicken King" fears a two-digit inflation on Food © Reuters / Henry Nicholls Great Britain: The "King of Chicken" fears a two-digit inflation on food by Guy Faulconbridge and Andrew MacSkill London (Reuters) - Food prices could know A double-digit increase in Britain, where consumers should expect at the end of 20 years of cheap food, said Thursday the largest chicken producer in the country, evoking a soaring costs over the entire chain supply.

Empty shelves prompted by coronavirus panic buying at a Walmart store in Stuart, Florida. (Photo by Joe Kovacs) Legendary billionaire hedge-fund manager and former Trump adviser Carl Icahn warned that rising inflation is leading to a crisis. “If you look around you, you see inflation all around you, and I don’t know how you deal with that in the long term .” Icahn , a former special adviser to the president on regulatory reform, said he won’t predict the timing. But he believes the market eventually will pay a price for the trillions of dollars in stimulus unleashed by the Federal Reserve and Congress

© Adam Jeffery/CNBC/NBCU Photo Bank/NBCUniversal via Getty Images Carl Icahn sees a market 'crisis' brewing and notes bitcoin's potential if inflation spirals. Excessive money printing by the Fed and high inflation will spell trouble in the long run, Carl Icahn told CNBC on Monday. The billionaire investor made his comments as retail and wholesale prices sit at multiyear highs. Stocks over the long run are heading for a "crisis" eventually as an excess in money supply unleashed by the US government and the Federal Reserve add to inflationary pressures

Carl Icahn predicts approaching crisis

investors observe developments around the price increase with concern. If it goes to Großinvestor and billionaire Carl Icahn - right. In the "CNBC" broadcast "Fast Money HalfTime Report", the stock market connoisseur warned that the markets are currently driving directly to a crisis. "In the long term, we will certainly go against the wall," says Icahn in the interview with moderator Scott Wapner. "I really believe that there will be a crisis, just as we do, as we print money as we go into inflation. When you look around, you can see inflation everywhere, and I do not know how to do it To handle the long term. "

No concrete period recognizable

A concrete period for the crash did not call ICAHN, but he will not expect that the markets are under pressure in the long term. "But if you ask me what will happen next year or in the next two or three years, I think it's nonsensical to answer this question," said the expert. Until then, however, the inflation cycle will be repeated, Icahn will continue to Wapner. "I honestly believe that the money works to some extent. You continue to print our money, the money goes out. Until recently, I have not seen any inflation yet. If you are looking for an inflation now, then you have to worry "

ECB remains at UltraLocker's course despite increasing inflation

 ECB remains at UltraLocker's course despite increasing inflation in Europe's currency heads, despite rising inflation rates, retain at its price of cheap money. © Boris Roessler / DPA The ECB leaves the key interest rate for the currency space of the 19 states on the record low of zero percent. Only in December, the Council of the European Central Bank (ECB) wants to decide how it continues with the billion-heavy bond purchases. ECB President Christine Lagarde had already announced. An end to the number of interest in the euro area is still not in sight.

Billionaire investor Carl Icahn warned Tuesday that the next market crisis may be on the horizon, and Bitcoin could If you look around you, you see inflation all around you and I don’t know how you deal with that in the long term .” Icahn mentioned investing billions in cryptocurrencies this year, but still

"There remain compelling long - term financial and strategic benefits from combining Xerox and HP. The refusal of HP's Board to meaningfully engage over many months and its continued delay tactics have proven to be a great disservice to HP stockholders, who have shown tremendous support for the transaction." Icahn might still consider buying HP. From the remarks made by the guru in his open letter to shareholders, it's evident that he believes in the ability of HP to deliver attractive returns to investors in the long run. Icahn , reportedly, has already revealed his interest in bidding for HP shares

Renewable energies on the rise

on Wapners Comment that ICAHN in his portfolio holds numerous energy values ​​such as Occidental Petroleum , Chencing Energy , CVR Energy , Delek Group and Sandridge Energy , which benefits from rising raw material prices The market connoisseur can be replaced that the focus will be on sustainability in the future. "You can not carry on with the carbon that you can do, and at the moment you have too much carbon.", Says Icahn. "So you have to put renewable fuels, and the government has to, rather than realizing some of the plans that you just make, subsidize one or the other way renewable fuels."

No investment in Bitcoin & Co.

Although many market participants believe that crypto currencies such as Bitcoin , EtherEm and Co. represent suitable protection against inflation, ICAHN has not yet been positioned in this area. "We research a lot, a lot to find companies we could understand, and I can not understand [Bitcoin]," the investor admits Wapner. It is also similar to his staff, whose incomprehension against Bitcoin but nothing to change their competence, as he emphasizes. "We will not invest in something that we do not understand. [...] Obviously we have busy a lot of it. But we are not invested." Editorial Finanzen.net

Heavy burden for consumers as holidays near: Soaring prices .
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