Billionaire Carl Icahn warns of coming economic collapse

Carl Icahn, a billionaire activist investor says low rates have caused bubbles in art, real estate and high-yield bonds, all in his opinion holding potentially dramatic consequences. Commenting further on the grim state of affairs in the economy, he mentioned that he’s more hedged now than he’s been in years, that the Fed may have backed itself into a corner and that it should have absolutely raised rates six months ago.

With new experts from the field of economics and investing coming out daily with very similar doomsday rhetoric, is it really prudent to ignore these warnings as just speculatory conjecture?  Looking back at the 2008 crash, it seemed in retrospect that there were signs, and many indeed listened, but only those who took action saved their wealth.

Source:

CNBC.com