Billionaire investor Carl Icahn warns of "danger ahead" for U.S. economy
Are interest rates causing real estate investment bubble?
Billionaire investor Carl Icahn released a 15-minute video warning that interest rates hovering close to zero are creating investment bubbles in real estate, art, corporate earnings and high-yield bonds. Per USA today:
"The middle-class investor has nowhere to go with their money but into the (stock) market, or even more concerning, high-yield bonds, which are very risky," Icahn said in the video.
The video is posted on his website CarlIcahn.com.
The article explained that Icahn made the video to highlight the "dysfunction" in corporate America and on Capitol Hill.
"I want to see this dysfunction obliterated and we get stuff done in Congress," said the billionaire.