Billionaire Carl Icahn shared his views in a wide-ranging interview Thursday with CNBC's Scott Wapner on topics such as government regulation, the economy, ETFs and his new Donald Trump administration advisory role on regulation.Icahn is a Trump adviser. Additionally the American people are crying out to recover our lost manufacturing and jobs.
But the most important thing may not be what the investor said explicitly, but what he implied about the market risk of a trade war with China under Trump.
"If you have a trade war with China, by definition, I remember the days something like that would really knock the hell out of the market, but maybe if you're going to do it, you should get it over with, right? So that's a consideration, you have to just make up your mind, if that's what you're going to do, you go do it," Icahn said.
Most telling is how Icahn ended the interview, unprompted.
"If you're asking me am I concerned about the market on the short term. Yeah I'm concerned about it," he said. "You can look at so many factors here that you have to worry about. Obviously, if you get into a trade war with China, sooner or later, I think we're going to have to come to grips with that, maybe it's better to do it sooner, but that's not my decision at all. I don't get involved with that."
A trade war is the only way to do that.
China has been fed. Its war machine has been nourished by US/Western consumerism.
This. This is how you stop feeding the beast.
The flip side is that the current order of globalization will die. I say good. It was a fictitious economic plan that was/is unsustainable.
China talking about lower economic growth being acceptable isn't big news. This is. Saddle up boys and girls. All those throw away widgets that you're used to buying from China are about to go WAAAAAY up.
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