Tweet
I really like that statement.
Peter Thiel, the co-founder of PayPal who now heads the $2 billion San Francisco-based hedge fund Clarium Capital Management LLC, told the conference the stock market’s recent gains will fade and the price of “long assets” such as houses will continue to fall, while Federal Reserve pump-priming will mean “inflation in all the wrong places.”
http://bloomberg.com/apps/news?pid=2...c5I&refer=home
It's most the nuanced bearish description of concerns I've seen in a long time.
Peter Thiel, the co-founder of PayPal who now heads the $2 billion San Francisco-based hedge fund Clarium Capital Management LLC, told the conference the stock market’s recent gains will fade and the price of “long assets” such as houses will continue to fall, while Federal Reserve pump-priming will mean “inflation in all the wrong places.”
http://bloomberg.com/apps/news?pid=2...c5I&refer=home
It's most the nuanced bearish description of concerns I've seen in a long time.