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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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Fri, 06/19/2015 - 13:15 | 6214394 large_wooden_badger
large_wooden_badger's picture

The puppet masters would never allow a Trump presidency becauset they know he would shit all over their hands when they tried to shove them up his ass. You might as well nominate John F. Kennedy for president in 2016, same outcome. But I do like that he's pointing out the obviousness of our financial house of cards. I can hear the voices in his head: "Holy fuck I'm so glad I'm a billionare."

Fri, 06/19/2015 - 13:17 | 6214400 scv
scv's picture

Interest rates being blamed for the corrupt racketeer felons who would rather start ww3 or remove 6 billion people.

Fri, 06/19/2015 - 13:24 | 6214418 BeaverCream
BeaverCream's picture

Isn't he just the new Ron Paul, the new "no chance of winning" guy? The guy they'll make look stupid (perfect because they don't need to try) and discredit by inserting "neo nazis" into the crowd at his speeches?  They can't use Rand Paul because he's anti MIC.  Even if Trump wins they still keep/expand the MIC. 

Gotta give it to em, they know how to play the game.  IF you don't think Trump is on bergmansteins payroll you're a goddamn moron.

Fri, 06/19/2015 - 13:23 | 6214421 Monetas
Monetas's picture

Trump will be .... and exciting, engaging, take charge President .... a good Putin .... an American, moral Putin !

Fri, 06/19/2015 - 13:33 | 6214455 Element
Element's picture

New and improved Pooootie! Pootie Brylcreem! use it just once ... yer fricken hair falls out! ... IMPROVED! ... SEXY!

Fri, 06/19/2015 - 13:36 | 6214474 Monetas
Monetas's picture

I like the Trump .... you have a man crush .... that's Ok !

Fri, 06/19/2015 - 13:55 | 6214547 LetsGetPhysical
LetsGetPhysical's picture

Will he poison journalist then and lock up his political opponents?

Fri, 06/19/2015 - 13:38 | 6214432 Fukushima Fricassee
Fukushima Fricassee's picture

Trump card to replace race card. Would be nice to have a president again with a few nominal accomplishmets and who knows his dick belongs in a women.

Fri, 06/19/2015 - 13:32 | 6214449 PrimalScream
PrimalScream's picture

YAWN

If this whole thing collapses, don't tell me that Trump and Icahn don't have beach homes in the Caribbean somewhere.

Fri, 06/19/2015 - 13:32 | 6214452 Monetas
Monetas's picture

Trump will be the same person .... after he is elected .... no bait and switch .... he is an open book !

Fri, 06/19/2015 - 13:34 | 6214462 Element
Element's picture

Two for the price of one ... if you count the wig.

Fri, 06/19/2015 - 13:59 | 6214562 Monetas
Monetas's picture

Oh .... that's an ad wigenem attack !

Fri, 06/19/2015 - 13:34 | 6214461 Monetas
Monetas's picture

Trust your instincts and your intellect .... there are good reasons .... why you like this guy !

Fri, 06/19/2015 - 13:35 | 6214468 Element
Element's picture

I can't think of them right now ...

Fri, 06/19/2015 - 13:39 | 6214486 Fukushima Fricassee
Fukushima Fricassee's picture

Some time up Hillary's nasty ass will do you like that.

Fri, 06/19/2015 - 13:35 | 6214465 Jack Burton
Jack Burton's picture

Only a teenager, with no experience of the economy, could not know the epic scale of this artificial Federal Reserve generated bubble. The worst thing about THIS bubble, is the Fed engineered it to be targeted at the top asset holders in America. It is known from asset ownership data that a tiny minority, of already rich people, hold and own these assets such as stocks and luxury cars and homes. Thus, QE and ZIRP have worked to blow up the stock market to unreal heights, no reflection of the real economy, and this bubble in assets has made the wealthy much, much more wealthy. These are facts, I can prove them beyond any doubt. The facts and figures do not lie, not the real ones!

This Bubble is a gift to the elites who use their wealth to own the political class of grifters we call politicians. Grifters is too kind a name for the American political class. Some are senile senior citizens with post traumatic stress syndrome like McCain. But since 99% of them avoided military service, these are few. Most are born Grifters and Con-men that we allow to lie in our faces and use the elites money to dupe us into voting for them. America's political class has sunk to new lows, and are enthrall to the corporations, rich and military industrial corporations who bribe them with campaign money in the tens of billions.

Fri, 06/19/2015 - 13:40 | 6214487 roadhazard
roadhazard's picture

Tell us something we don't already know.

Fri, 06/19/2015 - 13:46 | 6214509 DOGGONE
DOGGONE's picture

Pictures show our track records clear, look and see!

"Stop whoring for Wall Street"
http://www.showrealhist.com/yTRIAL.html
http://patrick.net/?p=1223928

Fri, 06/19/2015 - 13:54 | 6214539 LetsGetPhysical
LetsGetPhysical's picture

An asshat he may be, but he's dead right. HUGE MOTHERFUCKIN BUBBLE. Although I suspect there will be no downturn until Barry leaves office... we can't have the chosen one presiding over a complete meltdown, now can we...That'd be racist!

Fri, 06/19/2015 - 13:57 | 6214553 cherry picker
cherry picker's picture

A lot of people hate Trump's ego and he definitely has one.  But don't think Hillary, Obama and Jeb don't.

I am tired of these people patronizing people in speeches as I if can't understand English or are a bunch of kids requiring mommy to explain the facts of life to us.

The current crop of political egoists shouldn't be allowed in the White house except on a tour.

Trump may be OK as POTUS.  We all know his shortcomings and he still can afford to dance.  He may be the lessor of a whole bunch of evils.  You won't know until you try it.

 

Fri, 06/19/2015 - 14:30 | 6214689 jomama
jomama's picture

TPTB would never allow him to run.

Sat, 06/20/2015 - 07:10 | 6216953 FredFlintstone
FredFlintstone's picture

Too late, isn't it?

Fri, 06/19/2015 - 19:49 | 6215896 walküre
walküre's picture

we certainly know what to expect from either Clinton or Bush - no thanks - not even worth a thought

let's see who else shows up

for now Trump is a contender

Fri, 06/19/2015 - 14:19 | 6214637 cn13
cn13's picture

I  am not  a  Trump fan but I can't imagine him screwing up things any worse than they are now after nearly 16 years of Bush and then Obama, the two worst Presidents in U.S. history back to back.

Fri, 06/19/2015 - 14:24 | 6214661 VWAndy
VWAndy's picture

There needs to be a real choice. This clown aint it. FFS the guy is a casino operator and prolly in debt to the banksters up to his eyeballs. As if there aint a single person in the country with even a tiny shread of integrity.

Fri, 06/19/2015 - 14:38 | 6214723 Bighorn_100b
Bighorn_100b's picture

I'm sure this has been said before because I didn't read all the posts.

The first guy that says "I will audit the FED" and then says "YOUR FIRED" after the audit would get my vote.

To bad my vote won't count. I don't vote.

I would if the popular vote mattered. It doesn't', so let the electoral vote pick the winner. I could care less.

Fri, 06/19/2015 - 14:44 | 6214753 vnct
vnct's picture

if he is willing to go all in he may hold the 'trump' card

Fri, 06/19/2015 - 14:45 | 6214757 Goldbugger
Goldbugger's picture

And soon the Weasel will go pop.

 

https://www.youtube.com/watch?v=6VpZk9dGXGA

Fri, 06/19/2015 - 14:57 | 6214800 wildbad
wildbad's picture

oh, gee you think so..where the fuck have you been..a little late to the ptiy part carl.

Fri, 06/19/2015 - 15:08 | 6214858 roadhazard
roadhazard's picture

I love to watch ZH's right wing go ga ga for a presidential candidate. Especially after they are always whining red/blue is no difference any other time.  

Fri, 06/19/2015 - 16:48 | 6215296 DFCtomm
DFCtomm's picture

We have a lot of nuts around here, but it's not as simple as saying there is no difference. There is plenty of difference on social issues, but almost no difference between either party's establishment on economic, or monetary policy. The small difference there being that the GOP has a Austrian/libertarian component, but that's definitely not the GOPe.

Fri, 06/19/2015 - 15:17 | 6214909 yellowsub
yellowsub's picture

His running mate is his hair piece.

Fri, 06/19/2015 - 15:39 | 6215015 Downtoolong
Downtoolong's picture

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

I have to admit, though, I would love to see him debate Hillary. Hell, I would pay for a ticket to see that. Just don’t tell The Donald, or he will try to balance the budget by pricing the tickets at $10,000,000 apiece.   

Fri, 06/19/2015 - 16:51 | 6215305 OzFan
OzFan's picture

Perfect....I would have like to seen some mention of scumbag central bankers, zionist scumlords and dictatorial oligarchy government....but nonetheless, wonderfully stated.

US is fcked and economic collapse and civil war is coming. FACT.

 

 

Fri, 06/19/2015 - 16:58 | 6215322 chisler
chisler's picture

Well Trump is also partial to the use of inflationary bubbles. He claimed  that 60% of one of his development was sold, when only 13% was sold. Trump BS is good as it gets so don’t think he is going to be any more forthright that the rest of the political zoo.

Fri, 06/19/2015 - 20:40 | 6216044 Dead Man Walking
Dead Man Walking's picture

I'll vote for Trump, one thing makes me worry.  As sharp as Trump is, I think he doesn't realize it's a deadly game. I could see them killing him. 

JoeTalk100 is right...

https://www.youtube.com/watch?v=FMs40i5nlX8

 

Fri, 06/19/2015 - 20:43 | 6216052 Dancing Disraeli
Dancing Disraeli's picture

Actually, we were there merely to document the event.

Fri, 06/19/2015 - 21:25 | 6216173 Brazen Heist
Brazen Heist's picture

Trump a presidential candidate in 2016?

Am I the only one who shudders to think what a joke America has become?

Fri, 06/19/2015 - 23:41 | 6216535 VW Nerd
VW Nerd's picture

I consider DT to be very smart and of course, outspoken.  If he gets the nod as President, his ability to speak out will be restricted.  We all know why.  I feel he would better serve the US and the world for that matter using his means to develop a platform from which to educate and enlighten the public about the history and current events regarding economic and political affairs.  Much higher impact than sitting as a puppet in the white house.

Sat, 06/20/2015 - 01:07 | 6216673 biggestbrother
biggestbrother's picture

HE IS RIGHT. 

 

A total JERK

 

BUT DEAD RIGHT

 

DEAD RIGHT!

Sat, 06/20/2015 - 01:11 | 6216679 boeing747
boeing747's picture

His real estate business was bailed out by big bank long time ago, he is their man.

Sat, 06/20/2015 - 05:25 | 6216893 Dre4dwolf
Dre4dwolf's picture

Fuck man, I would vote for him just to see what happens if he wins lol

I mean sure, we could go the obvious route and vote for Rand Paul and he would do all the sensible things etc... stop the apocalypse etc... 

But... I mean

Donald Trump, whatever the fuck happens with him president is sure to be interesting, apocalypse and all.

 

Well

Thats assuming Obama doesn't decree himself Führer for life and the next election isn't cancled altogether.

Sat, 06/20/2015 - 07:41 | 6216932 teutonicate
teutonicate's picture

You know we all kid about Donald Trump because of his personal idiosyncrasies, his hair, his big ego, and his past business dealings.  I also think it would be difficult for him to win the election.

However, objectively, he is the only candidate that has been verbally tough enough to call out the realities that:

- We need to restore our manufacturing base by establishing a tariff regime on foreign (especially Chinese) goods, because at present it is not a level playing field, and service-only economies never make it.

- We need to deport all illegal aliens, penalize employers that employ them, control our borders, and modify our immigration regime to protect our people and culture.  He even has proposed that Mexico pay for a border fence - now that takes guts!

- We need to dramatically shrink entitlement programs and welfare, re-coupling them with employment or other productive activity

If you solve these economic problems, a lot of the other problems go away.

No other candidate has been prepared to verbalize a tough solution to these problems - because they continue to comply with the globalization doctrine of the cabal.  The Donald has problems as a presidential candidate, but objectively you have to give him credit for this.

This said I believe that his true relationship with the cabal may be uncertain due to his past business dealings - and presents an unknown risk factor that would need to be evaluated.

If you look throughout history, some very strange things have happened at political inflection points in our society.  There is a remote possibility that even if Donald Trump is not elected, his candidacy and participation in the debates could act as a catalyst for dramatic change in this country.

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