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

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'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.

 

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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...

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