Carl Icahn will release a video tomorrow titled “Danger Ahead,” warning how the U.S. Federal Reserve policy of quantitative easing has created significant asset bubbles and that another resulting market crash could be ahead. Icahn also endorses presidential candidate Donald Trump, saying it’s time for the elites, the 1 percent of financially well-endowed, to pay their fair share of taxes. But in hammering the Fed for not raising interest rates earlier, does Icahn miss a critical point of how a Fed rate hike could play into the populist hands of Donald Trump in a 2016 election bid? Icahn wants “elitists”…
Carl Icahn Expects Withdrawal Of QE "Medicine" To End Badly
Mark Melin
Mark Melin is an alternative investment practitioner whose specialty is recognizing the impact of beta market environment on a technical trading strategy. A portfolio and industry consultant, wrote or edited three books including High Performance Managed Futures (Wiley 2010) and The Chicago Board of Trade’s Handbook of Futures and Options (McGraw-Hill 2008) and taught a course at Northwestern University's executive education program.