Bill Ackman warns US economy headed for 'train wreck' after latest Fed rate hike

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Hedge fund manager Bill Ackman sounds the alarm on the state of the U.S. economy amid a banking crisis and the Federal Reserve's fight against inflation.

The moves were intended to staunch a flow of funds from small and regional U.S. lenders as customers rushed to banks deemed too big to fail. However, smaller banks are still feeling the sting from the industry-wide turmoil.

William Ackman, founder and CEO of hedge fund Pershing Square Capital Management, speaks during the Sohn Investment Conference in New York, on May 4, 2015.

Source: Financial Digest (financialdigest.net)

 

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Sad

federalreserve The Fed want to train wreck the economy. The Fed wants the US people on their knees begging for help so they can usher in their total control agenda.

This guy manipulates the media … like he did back in 2020… He may be right but I do not believe anything coming from him….

As is intended, by this administration.

This guy manipulates the media and causes panic and fear and then cashes in!

Cho cho remember the Dems are caring about you by keeping the focus on climate change. Lol

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