Yes, good summary...this is just a small portion of the distortion of ZIRP...i.e. the mis-allocation of capital manifests itself in ever more perverse manifestations...it's also interesting to take note of the sectors that experienced large credit growth (namely student loans), and others have noted, this was an attempt to mask the weakness of the job market and the "career student" who also used those loans for "lifestyle" spending...
Well, I agree with you to an extent...Most of us have seen what's wrong with the monetary system and markets, but it's noteworthy because few of the "big shots" ever break from the narrative of "green shoots" and other pablum that we are inundated with every day...
%%%%%%%%%%%%%%%%%%%%% Good points; he tends to be early, consistently early. But He is wrong, so wrong on raising taxes-instead -cut spending.Probably plans early warnings[like june-2015] that way, plenty of notice; good warnings. I remember him from Nabisco Group Holdings takeover.Funny cartoon= low interest rate bus ; but the Fed watches Black Rock.Great practical mind,good short seller, simply wrong on raising taxes Thanks for the link
Icahn the blowhard is as usual, as always, "talking his book". And just like Donald The Trump can talk and talk.