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David Einhorn's Latest Words or Wisdom

December 06, 2010

Hedge fund titan David Einhorn, president of Greenlight Capital, talked to CNBC this morning.

He told CNBC why he thinks low interest rates are "very dangerous long-term policy."


























Rating: 3.4/5 (11 votes)

Comments

paulwitt
Paulwitt - 5 years ago    Report SPAM
If I remember correctly a Congressman suggested replacing the Fed with Congressional oversight.

When I heard that I was ROFL (rolling on floor laughing :) )

halis
Halis - 5 years ago    Report SPAM
Who said that the Fed is committed to keeping rates low over the long-term? Bernanke has made it clear that if inflation kicks in or the economy starts heating up on it's own, he will possibly end quantitative easing early and/or raise interest rates as needed.

Everyone thinks Bernanke's such an idiot and they are so much more intelligent than him, but he could change course at any time. Personally, I think he's done a terrific job.
munger
Munger - 5 years ago    Report SPAM
I won't call him an idiot but I also think inflation exists in many of the items we have to buy to maintain or improve our lifestyle and/or health. Fuel, the cost of healthcare and the cost of education continue to increase (some rapidly) despite the index showing little to no inflation. Outside of a housing, those expenses can really eat into your pocket.

Food, in my neck of the woods at least, seems to be down a little since the recession came along but companies have also cut serving sizes in packaged food but I don't that stuff anyway.

paulwitt
Paulwitt - 5 years ago    Report SPAM
I also agree Ben Bernanke had done a great job. He could replace Jeff Bridges in the movie "Against All Odds" ...... (laughing)

paulwitt
Paulwitt - 5 years ago    Report SPAM
re: inflation

We have NO energy policy - which should increase inflation. We have an oil spill accident and the result is a drilling moratorium. We have the Pickens plan for natgas (which, incidentally, would create jobs) and it is a no-go. Go figure....

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