Billionaire

Billionaire investor Bill Ackman has the cure for high inflation: a massive wave of Russian immigration

Billionaire investor Bill Ackman has the cure for high inflation: a massive wave of Russian immigration

The Federal Reserve aggressively raised interest rates in hopes of cooling the economy and bringing inflation under control, which remained near a 40-year high in August at 8.3%. Their aim is to reduce demand and slow wage growth so that high consumer prices do not become “entrenched”. But senior officials noted this week that it …

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Billionaire Ray Dalio warns stocks could plunge 20% if interest rates rise to 4.5%

Billionaire Ray Dalio warns stocks could plunge 20% if interest rates rise to 4.5%

Billionaire investor Ray Dalio gives his take on the latest global news and provides expert analysis on the state of the economy on ‘Cavuto: Coast to Coast’. Billionaire Ray Dalio, founder of one of the world’s biggest hedge funds, has warned stocks could fall even lower this year after warmer-than-expected August inflation data rattled markets …

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