Dalio: Fed Has Raised Rates to “A Level That Is Hurting Asset Prices”; Paul Tudor Jones Blames the Tax Cut for Rate Hikes; “We’re in a Global Debt Bubble”

Ray Dalio: Fed raised rates to the point where they’re hurting asset prices from CNBC.

 

• Hedge fund billionaire Ray Dalio argues the Fed has raised rates to a point where they’re hurting asset prices.
• The central bank needs to start looking at monetary policy’s impact on asset prices before economic conditions, Dalio says.
• Dalio also laughs off the notion that the Fed needs to raise rates so it would have room to make cuts if the economy were to take a major downturn.

www.cnbc.com/2018/11/15/billionaire-ray-dalio-fed-raised-rates-to-a-point-where-theyre-hurting-asset-prices.html

Paul Tudor Jones: We are in a global debt bubble from CNBC.

• “From a 50,000 feet viewpoint, we’re probably in a global debt bubble,” says Paul Tudor Jones, who is famous for making big macro calls. “Global debt to GDP is at an all-time high.”
• The investor added that some “scary” moments may come in the corporate bond market.
• Jones also said the Trump administration’s corporate tax cut from late last year could hurt investors down the road as the Federal Reserve keeps raising rates.

www.cnbc.com/2018/11/15/paul-tudor-jones-says-were-in-a-global-debt-bubble-and-maybe-tax-cut-wasnt-a-good-idea.html

Warren: Fed Is Making the Exact Same Mistakes Now That Led to the 2008 Crisis

 

• Sen. Elizabeth Warren charged Thursday that a buildup in leveraged loans is threatening the economy in the way subprime loans did leading up to the financial crisis.
• She criticized the Federal Reserve for “dropping the ball” then and said the same situation is unfolding now.
• A potential presidential candidate, Warren’s comments were directed at Fed Vice Chair Randal Quarles during a hearing Thursday.

www.cnbc.com/2018/11/15/elizabeth-warren-says-fed-is-making-the-same-mistakes-as-before-the-crisis.html