Billionaire Chamath Palihapitiya blasts Fed, Treasury for company aid - Business Insider

  • 📰 BusinessInsider
  • ⏱ Reading Time:
  • 7 sec. here
  • 2 min. at publisher
  • 📊 Quality Score:
  • News: 6%
  • Publisher: 51%

Belgique Nouvelles Nouvelles

Belgique Dernières Nouvelles,Belgique Actualités

'It's largely gonna go to waste and it distorts the market': Billionaire investor Chamath Palihapitiya blasts the Fed and Treasury for spending billions to help companies instead of consumers

"Would I love to be isolating certain things that I think are not set up for success, or trying to buy cheap things? Sure, but it's not possible right now," he continued.Palihapitiya argued US authorities should have focused on getting cash into people's pockets instead of helping businesses, as consumer spending accounts for the bulk of gross domestic product.

Later in the Yahoo Finance interview, Palihapitiya shared several examples of people ridiculing his investments and predictions.

 

Merci pour votre commentaire. Votre commentaire sera publié après examen.

No.

The Stock price or valuation is the indicator on which CEO, HedgeFund, PrivateEquity Top Honchos are paid, they own US Government, they will decide how best they can be protected. It's pretty simple really

China indexes are distorting the market...

Nous avons résumé cette actualité afin que vous puissiez la lire rapidement. Si l'actualité vous intéresse, vous pouvez lire le texte intégral ici. Lire la suite:

 /  🏆 729. in BE

Belgique Dernières Nouvelles, Belgique Actualités

Similar News:Vous pouvez également lire des articles d'actualité similaires à celui-ci que nous avons collectés auprès d'autres sources d'information.

US economy recovery is 'bumpier' than expected: Atlanta Fed chief - Business InsiderBusiness Insider is a fast-growing business site with deep financial, media, tech, and other industry verticals. Launched in 2007, the site is now the largest business news site on the web. These fools haven't been right yet
La source: BusinessInsider - 🏆 729. / 51 Lire la suite »

Economic outlook: Fed's Bostic says new virus cases could stop recovery - Business InsiderBusiness Insider is a fast-growing business site with deep financial, media, tech, and other industry verticals. Launched in 2007, the site is now the largest business news site on the web. The FED
La source: BusinessInsider - 🏆 729. / 51 Lire la suite »

Direct-to-consumer companies are sticking with Facebook - Business InsiderBusiness Insider is a fast-growing business site with deep financial, media, tech, and other industry verticals. Launched in 2007, the site is now the largest business news site on the web. Stop buying their products and services until Facebook makes some significant changes.
La source: BusinessInsider - 🏆 729. / 51 Lire la suite »

Small business aid went beyond hard-hit companies, data showPolitically connected firms were among the 650,000 businesses to receive government funded small business aid, according to recently released government data. They included a large restaurant franchisee whose CEO is a major donor to President Donald Trump. Con man trump TrumpCorruption 'Other recipients included Kanye West’s clothing and sneaker brand Yeezy' Now do Democratic donors
La source: AP - 🏆 728. / 51 Lire la suite »

Report: Money can buy business, led to Trump's election - Business InsiderBusiness Insider is a fast-growing business site with deep financial, media, tech, and other industry verticals. Launched in 2007, the site is now the largest business news site on the web.
La source: BusinessInsider - 🏆 729. / 51 Lire la suite »