Marc Lasry, an American billionaire businessman and co-founder and chief executive officer of Avenue Capital Group speaks during a Reuters investment summit in New York City, U.S., November 4, 2019.Billionaire hedge fund investor Marc Lasry thinks the Fed pouring in trillions of dollars into the system, despite the economy "doing fine" has been lucrative for investors.
"You're not going to see this again. Where you've actually got an economy that's fine, and you've got a Fed pumping trillions of dollars in," he told Yahoo! Finance.The Fed pouring trillions of dollars to shore up markets has in fact made coronavirus a "once in a lifetime opportunity," billionaire investor Marc Lasry says.
In recent weeks, the Fed has poured trillions of dollars into the economy to help it ride out the coronavirus. But Lasry believes the economy is better prepared to survive the ongoing COVID-19 crisis than the economy could have, had this happened in 2008.
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Fed's stimulus always good for the rich and the elites but not the less fortunate and no savings lower class 😉😂. They can only watch the rich enjoying 😂 their caviar, too bad.
interesting. he’s been on cnbc very often and hasn’t been very bullish
....and when the stimulus dries up?
There have been plenty of opportunities. People read this and get fomo and jump the gun. Good luck with that kind of decision making in the market.
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