Pershing Square's Bill Ackman sounded alarms on the economy
due to aggressive rate hikes by the Federal Reserve
He mentioned that the Fed is likely done raising rates and believes that the high real interest rates are starting to have a negative impact on the economy
Ackman highlighted the effects of high mortgage and credit card rates on the economy
leading to weakening economic conditions
He also mentioned that long-term Treasury yields could rise further
With the 30-year rate potentially reaching mid-5% and the 10-year approaching 5%.
Ackman warned that investors who borrowed at low fixed rates, especially in the commercial real estate market, might face significant challenges
He recently gained regulatory approval for his unique SPAC structure 'SPARC': Disclose acquisitions to investors before funding
Moneyjugaad.com
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