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/biz/ - Business & Finance


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1456754 No.1456754 [Reply] [Original]

https://www.youtube.com/watch?v=7B6i218dhhs

Peter Schiff just uploaded this CNBC clip to his youtube channel. Icahn is so fucking based

>> No.1457020
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1457020

>>1456754
See this videos top comment is currently pic related

>> No.1457046

He's not wrong. But it won't be a doomsday scenario like all you fuckers are praying for.

>> No.1457069

>>1456754
Listening now. Guy sounds intelligent but a little too manic for my taste.

He's right about our service economy being totally overvalued and prone to weakness, though. Blows my mind how few people in this country have any idea about how value works in a global economy. If people don't want your products/services, then you have no power. If we want to be powerful, then we need to produce products/services that the rest of the world needs.

>> No.1457075

https://www.youtube.com/watch?v=ZyKIvnied-o

>> No.1457119

>>1457020

> The markets are high and everyone's getting a little too excited

Yes I agree

> The world is coming to an end

It's time to put away the tinfoil

>> No.1457126

>>1457046

> doomsday

If anything causes a doomsday it will be environmental due to man made pollution.

The worst stock market crash already happened, and I don't think anything on that level will occur again. There are too many hard working and smart people in this world, and too many rules to prevent a completely fabricated market. Most everyone in this country is doing their 9-5 and that is not fabricated, it's real labor, and a real market.

Icahn is right about the bubble though. RE is 30 - 50% too high, the student debt bubble is gonna be a problem, and our youngest generation is as soft as tissue paper (not all, but many)

>> No.1457343

>>1457126
>If anything causes a doomsday it will be environmental due to man made pollution.

lol. ok if you buy that you will buy anything.

>> No.1457365

The economy is fine

I just invested 1 billion dollars in a startup that integrates social media to communicate client driven storytelling solutions to shift business paradigms

>> No.1457448

>>1457020
It's as if this comment was written to test one's own ability to believe dystopian dribble. Each succeeding paragraph becomes less and less persuasive.

>> No.1457518

>>1457343

> 6 billion people
> Many of them contributing combusted gases into the atmosphere daily
> shit loads of trash and chemical pollution in the water
> Nearly all the world's scientists in agreement that humanity is headed towards disaster on the current track

yeah it's all just a conspiracy to prevent progress and capitalistic motivation. That's the most logical belief here.