ICYMI – Pershing Square’s Ackman said the US economy beginning to slow, & the Fed is done

Ackman was interviewed on CNBC. He has been more in the spotlight recently since his great call on bonds a few months back:

• Bill Ackman is shorting bonds – sees a world of persistent circa 3% inflation

And again, from a couple of weeks back:

• Hedge fund manager Ackman expects even higher long term US rates

Just last week:

• Bill Ackman says inflation will be persistently high, 10 & 30 year USTs can hit 5%

From his interview Monday, some highlights:

• Fed is probably done
• I think the economy is starting to slow … is still solid, but it’s definitely weakening. Seeing lots of evidence of weakening in the economy
• The level of real interest rates is high enough to slow things down
• High mortgage rates … high credit card rates, they’re starting to really have an impact on the economy

Check this out”:

• The US may be entering an era of higher yields but the rest of the world isn’t

This article was written by Eamonn Sheridan at www.forexlive.com. Source