Billionaire Investor Bill Ackman Has The Cure To Tame High Inflation: A Massive Wave Of Russian Immigration
"Doesn't it make more sense to moderate wage inflation with increased immigration than by raising rates, destroying demand, putting people out of work, and causing a recession?" billionaire Bill Ackman said on Thursday.
Click to view a price quote on BA. : The Fed has raised interest rates by 3 percentage points since March to fight the 8.3% surge in consumer prices for the 12 months through August. But hedge-fund star Bill Ackman, chief executive of Pershing Square Capital Management, has another idea. "Why don't we reduce the Federal Reserve's need to raise rates by expanding immigration now?" he wrote on Twitter. "Doesn't it make more sense to moderate wage inflation with increased immigration than by raising rates, destroying demand, putting people out of work, and causing a recession?," Ackman tweeted.
Hedge funds' total gross trading flow had the largest notional increase since 2017 last week heading into the Fed's rate decision, according to Goldman's data.
'you Fight Inflation With Economic Pain': Billionaire Ray Dalio Just Issued Dire Warning To Investors -- This Is What He Holds To Prepare For The Tough Times Ahead
In August, consumer prices in the U.S. rose 8.3% over the past year, down from June's 9.1% peak but still worryingly high. And that does not bode well for investors according to Ray Dalio, founder of the world's largest hedge fund Bridgewater Associates. "When one makes an investment, one puts a lump sum payment for future cash flows.
Pershing Square Capital CEO Bill Ackman said that increasing immigration may be a more effective tool to tamp down inflation than the Federal Reserve raising interest rates and "destroying demand." Ackman -- with a net worth of about $2.5 billion, according to the Bloomberg Billionaires Index -- made the comments on Twitter after Fed Chairman Jerome Powell earlier this week raised rates by 75 basis points for a third straight time and said there wasn't a painless way to get inflation "behind us." Inflation can be mitigated by reducing demand and/or by increasing supply.
Paul Singer has landed in a once-in-a-cycle opportunity. When his hedge fund, Elliott Management, and private equity firm Vista Equity Partners agreed to acquire technology company Citrix Systems (CTXS) for $16.5 billion in January, leverage came easily and cheaply. Market conditions then turned, leaving the debt backing the Citrix deal languishing on banks' balance sheets. Now, Elliott has bought a chunk of that debt at a knock-down price, potentially benefiting from the banks' pain twice over.
While hundreds of cryptocurrencies are out there, it is difficult to track them all. As digital assets continue to grow in popularity, so do the number of investment vehicles associated with them. Crypto hedge funds are one such vehicle gaining traction within the industry. A crypto hedge fund is a type of hedge fund that invests in digital assets like Bitcoin, Ethereum, Litecoin, and others. Other crypto hedge funds combine crypto investments with more conventional asset classes. Data from BanklessTimes.com indicates that individual crypto hedge funds have increased by an average of 150% this year.