Carl Icahn: Donald Trump Is Completely Correct That "We Are In A Bubble Like You've Never Seen Before"

Tyler Durden's picture

Yesterday during an interview on MSNBC, presidential candidate Donald Trump said he has some big names in mind for the Treasury secretary if he wins the White House. "I'd like guys like Jack Welch. I like guys like Henry Kravis. I'd love to bring my friend Carl Icahn." He also opined on the economy and the stock market, admitting that the Fed has benefited people like him but that the economy and is in a "big fat economic and financial bubble like you've never seen before."

 

Moments ago Carl Icahn decided to use his Shareholders' Square Table as the venue in which to respond to his quasi-nomination for Treasury Secretary (he politely declines), and also to opine on Trump's warning that the market is "one big fat bubble" (he agrees).

My comments re Donald Trump running for President & wanting to nominate me for the Secretary of Treasury

 

I was extremely surprised to learn that Donald was running for President and even more surprised that he stated he would make me Secretary of Treasury.   I am flattered but do not get up early enough in the morning to accept this opportunity.

 

There are others much more knowledgeable than I concerning Presidential elections.  I will therefore decline to opine on his chances.  But I am knowledgeable concerning markets and believe Donald is completely correct to be concerned that we have “a big fat bubble coming up.  We have artificially induced low interest rates.”

 

I personally believe we are sailing in dangerous unchartered waters.  I can only hope we get to shore safely.  Never in the history of the Federal Reserve have interest rates been artificially held down for so long at the extremely low rates existing today.  I applaud Donald for speaking out on this issue – more people should.

Some of us do. And what about AAPL? Is that still a double (pending some $500 billion in stock buybacks)?

And now, time to insert the obligatory reminder about music playing and people dancing.

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CPL's picture

What bubble is that?  The US Dollar and anything priced in it of course.

lester1's picture

Bring our jobs back from overseas!! end NAFTA !!..

 

TRUMP 2016 !!!

Headbanger's picture

Vote Trump 2016!!

A casino in every pot!

Save_America1st's picture

Tons of people are correct about how fucked up all this shit is.  It doesn't take Donald fucking Trump to tell us how fucked up shit is.  It's just that anybody who knows what's going on and has the balls to tell the truth about it gets destroyed by the scumbag political criminals in charge and their puppets in the "media".

And the dumbed down Kardashitard following losers of this country (and world) take the lies hook, line and sinker.

They don't care about the truth of what's really going on no matter who tells them.  They just want to bitch and moan and cry about all the racial bullshit, gender bullshit, political Right/Left bullshit, anti-gun, anti-Constitutional bullshit, etc. etc. etc.

And absolutely NONE of them want to do the hard thing which is to admit everything is fucked and to start getting prepared for a very hard and painful landing. 

All cowards and pussies.

They just want to keep drinking the koolaid and take their place in the Free Shit Army along side the rest of the sheeptards. 

DavidC's picture

You're right and the way in which you so eloquently stated it made me smile! Thanks!

DavidC

BLOTTO's picture

What is Trump's official stance re: 9/11?

.

Then we can talk/debate...

 

Crash Overide's picture

Voting only encourages the bastards.

It's 2015, do we really need government babysitters to tell us how to live, what to eat, where and how to spend our money...?

 

Paveway IV's picture

You guys are looking at this all wrong - it's a great opportunity.

Consider that Trump 1) is probably on SSRIs, 2) is a sociopath and psychopath and 3) has a bad haircut. Now what does the FBI do with that exact same kind of material?

I say we scolo him, arm him to the teeth, set him loose in Washington D.C. and then just sit back and let nature take it's course.

He would be the first lone-wolf terrorist with a chauffeur and a private helicopter. 

TrumpXVI's picture

Finally!

Someone who gets it!!

weburke's picture

icahn, sheesh, he bought tons of bubble ebay with a p/e of 1152 last time I looked. he thought he had talked alibaba head into buying ebay when ali finally goes ipo, but they did, but didnt buy ebay. 

Manthong's picture

F the Fed.. F the banks..

We can do just fine without them.

cdevidal's picture

From the article: "a big fat bubble coming up.  We have artificially induced low interest rates"

 

Is this why Greece is going down now? If Europe blows it gives the Fed a reason to keep suppressing rates.

 

 

Thesis. Antithesis. Synthesis.

Bokkenrijder's picture

Jeeesus Christ! Donny-the wig-Trump and his sidekick (running mate?) Carl Applekahn!

How fucking LOW do you have to sink...?

Downtoolong's picture

Trump, the weapon of mass destruction greater than all nukes and financial derivatives combined.

TheEndIsNear's picture

I think P.J. O'Roarke said it best:

"Our government gets more than thugs in a protection racket demand, more even than discarded first wives of famous rich men receive in divorce court. Then this government, swollen and arrogant with pelf, goes butting into our business. It checks the amount of tropical oils in our snack foods, tells us what kind of gasoline we can buy for our cars and how fast we can drive them, bosses us around about retirement, education and what's on TV; counts our noses and asks fresh questions about who's still living at home and how many bathrooms we have; decides whether the door to our office or shop should have steps or a wheelchair ramp; decrees the gender and complexion of the people to be hired there; lectures us on safe sex; dictates what we can sniff, smoke, and swallow; and waylays young men, ships them to distant places and tells them to shoot people they don't even know."

~ P.J. O'Roarke

T-Bond's picture

With Trump's speech, a lot of "Joe Q Publics" heard for the first time how bad things are and are listening.

Anusocracy's picture

And will immediately reach the wrong conclusions.

Enlightenment seldom prevents a moron from being moron.

walküre's picture

At least he's not telling them to go to church or selling any other "hope and change".

He's gonna fire allot of people if elected President. lol

T-Bond's picture

With Trump's speech, a lot of "Joe Q Publics" heard for the first time how bad things are and are listening. Go Trump!

TheGreatRecovery's picture

Okay, Crash.  You stay home.  I will go out and vote.  That way, I will determine who gets babysitters, and who the babysitters are.

TheGreatRecovery's picture

You'll get the blonde, and I'll get the one in the toiban.   :-)

walküre's picture

Is there still a debate? Everyone outside Amerikanistan has figured out that 9/11 was an inside job and only those inside Amerikanistan who wish to sign up for the Gulag are telling the truth about it. The world has long figured out that the Amerikanski Emperor is not wearing any clothes.

Best hope for Amerikanistan is to elect a President who stands on an isolationist platform because that's what the Chinese and the Russians doing as well.

Fractal Parasite's picture

9/11 Not exactly an inside job.

The U.S. was attacked by terrorists from the Middle East.

You probably saw them dancing and high-fiving ...

walküre's picture

all roads lead to Washington.. pay stubs from CIA

espirit's picture

Although not inclined to return to the Matrix, I do prefer the taste of a rare steak.

It's a tossup whether taking the RedPill 7 years ago was worth it.

Ignorance can be bliss.

pods's picture

About the same amount of time for me. Hope you had an easier time with it.

As it is now, nobody asks me about much anymore, which is actually a blessing.  Unless something bad happens.  Then people ask "the crazy guy" when their canned defense mechanisms don't assuage their anxiety and allow them to go back to sleep.

Of course, after talking, they are even more apt to grab some liquor and wash their minds of what I speak about.

Nobody wants to hear about how the entire system that they have loved and hated their whole lives was designed and is functioning to merely turn us in to slaves to pay interest.

pods

 

The Steaksmith's picture
The Steaksmith (not verified) pods Jun 19, 2015 1:31 PM

Now talk about the overwhelming asymmetric representation of ethnic identities of the creators of 'the system' you speak of, & watch their eyes really start to do pinwheels. FFS - that subject will even piss off about half the people on ZH.

BLOTTO's picture

I injected the red pill and smoked the rest.

.

Just because this reality chapter they created for us is fuckin shit...it doesnt mean the rest of the story is.

.

Ever see the grave of a poor person and a rich person? - They are exactly the same. Knowledge is power...

 

froze25's picture

When you are a parent and wish your genetics to be passed down through the future, the blue pill is not a option.  Only preparation and execution of the preparation plans.

takeaction's picture

As you....I found the red pill 8 years ago...and took it.  I no longer present what I know to anyone.  Once in awhile I meet a like minded chap...we laugh at how we are ridiculed.   I sometimes wonder what it would be like to be a blue colar worker...not knowing...struggling for a little piece of the pie.....ahhh Fuck em...we all here took the red pill...we now know what 99% do not.  Hey..we are the new 1%...woohoo.

Bush Baby's picture

President Trump addressing the Nation

"This country is so fucked up, I can't even come up with the words to describe how fucked up it is... and I got news for you... You're all fucked too,  You... Your Chilren , Your grandchildren are all fucked!"

"Quite frankly.. If I didn't have a billion dollars , I'd be shitting in my pants"

 

TheEndIsNear's picture

I'd vote for him just to hear a speech like that from a President, haha. He may be a crackpot narcissist, but at least he's rich enough to be very hard to bribe.

 

drendebe10's picture

@ least the hairdoo. Is a U.S. born citizen & not a muslim

walküre's picture

not a Clinton or Bush either....

froze25's picture

Too intelegent as well.  Bush Jr., not so bright.  Obama, not so bright.  He wouldn't make a good puppet and therefore will not win the primary.  Say what you want about Hillary ( I am disgusted by her) but she isn't an idiot and I don't believe she will be president for that very reason.

Temporalist's picture

I disagree; he's so interested in money he'd be easy to bribe (if you had enough).

theeseer's picture

The most eloquent post in fucking years!!

BandGap's picture

I agree with you but wish no ill will on anyone. History has shown that these are the types of people that end up fodder when the correction sets in. There will be much wailing and gnashing of teeth, be careful not to get too close.

There is no mark to market value on many in our society. A bubble of inflated self worth.

BLOTTO's picture

Imo, i don't think Trump has the 'special' blood lineage to be President.

.

Of course it doesnt mean he can't run...its just he doesnt get the nod and wink from the guy behind the throne to get it.

 

The Steaksmith's picture
The Steaksmith (not verified) BLOTTO Jun 19, 2015 1:10 PM

Where was his Bilderberg invitation? Lost in the mail? Yeah, I thought so. NEXT

froze25's picture

Only Hillary had representation there.  One of her top aides.

Fukushima Fricassee's picture
Fukushima Fricassee (not verified) Save_America1st Jun 19, 2015 1:12 PM

Yo Save_America1st , very fucking nice...............

joseJimenez's picture

As long as we get to run our own casino and keep the profits, I see nothing wrong with that :-)

pazmaker's picture

Or should it be Pot in every casino?

FallenOne's picture

Yes the ORANGE American is corect! Yes the time has come for our first Orange American president.

Black guy didn't do to good

DerdyBulls's picture

Lets see... hmmm... solve trade with government intervention. Trump sounds like a flaming merchantilist. Nothing new here.

skidsmango1's picture

...bring our jobs back.  LOL.  Troll?????