Sign In  |  Register  |  About Menlo Park  |  Contact Us

Menlo Park, CA
September 01, 2020 1:28pm
7-Day Forecast | Traffic
  • Search Hotels in Menlo Park

  • CHECK-IN:
  • CHECK-OUT:
  • ROOMS:

Billionaire investor Carl Icahn on SVB collapse: The problem with the system is we issue too much capital

Icahn Enterprises founder Carl Icahn joins 'Your World with Neil Cavuto' to discuss the fallout from the collapse of Silicon Valley Bank (SVB) in California on Friday.

Billionaire investor Carl Icahn joined "Your World with Neil Cavuto" Monday to express his concerns about the state of the U.S. economy and the collapse of Silicon Valley Bank and its ramifications.

SILICON VALLEY BANK COLLAPSE: KEVIN MCCARTHY SAYS LARGER BANK ACQUIREMENT MAY BE ‘BEST OPTION’ TO COOL MARKETS

CARL ICAHN: I think the banking crisis is something that you might expect in Silicon Valley Bank. There's so much money floating around in the system, and I think [Federal Reserve Chair Jerome] Powell is very right about that. There's just too much cash. By definition, if you keep printing out money – I mean it's obvious and simple, but I like to look at things simplistically. If we have too much money floating around in the system, you're going to have inflation by definition. And then people say, why should they work? If you look at any hegemony throughout history, pretty much inflation has caused hegemony to fall. Let's go back to Rome, same thing. So you have that her,e and Powell is completely right in trying to stop it in its tracks.

Data & News supplied by www.cloudquote.io
Stock quotes supplied by Barchart
Quotes delayed at least 20 minutes.
By accessing this page, you agree to the following
Privacy Policy and Terms and Conditions.
 
 
Copyright © 2010-2020 MenloPark.com & California Media Partners, LLC. All rights reserved.