Billionaire David Ainhorn After the highest global fees than presented by President Donald Trump, it surprised investors and fell in the markets, explaining the “reactionary tax” fees that force the US Federal Reserve (Central Bank) to operate.
“I think the charges are attacks”Ainhorn questioned an interview Bloomberg. As an environment, after the markets shaken after Wednesday, these reports take place, when Trump surprised investors, announcing mutual fees in 90 days, with exception: Raised fees on Chinese products to 145%.
Before the financial crisis of 2008 Fees are “unpredictable” people “make” proportional ” And they have inflation effect, which will reduce the economy. Wait to reduce interest rates than expect the Federal Reserve Market. “Uploading Prices,” he said about the fees. “If you use a fee, you may have to take a portion of the supplier’s cost. Maybe even the retailers, but the consumer ends with the payment of a portion.”
Unicorn Wall Street’s last best person in public criticism of Trump’s payment plans. Jamie Timon, Ken Griffin, Stan Truconmler and Bill Akman have warned that the fees can push the economy towards the recession, and they suggested that “self -influenced economic nuclear power” may cause a “self -influenced economic nuclear winter”. Markets have been very turbulent over the past week due to uncertainty of global business policy.
Ainhorn said the economy is already declining before the fare confusion. “If that recession is over or not a recession, then something we can evaluate,” said Ainhaorn. “But the path of the economy is clearly slow.”
Einhorn has taken positions in inflation transfers Meded is linked to inflation – the betting that markets underestimate the inflation impact of fees. He believes that the US economy will continue to be rated against gold because the Federal Reserve is forced to reduce interest rates.
