Speaking on Bloomberg’s “Odd Lots” podcast on Wednesday, June 15, Chanos explained his view on interest rates.
Brewing up a storm
Chanos is adamant about blaming the Federal Reserve (Fed) for the current volatility as easier monetary policy was instituted in late 2018. Additionally, low-cost or free trading platforms helped fuel the speculation; with the addition of Special Purpose Acquisition Company (SPACs), which were raising billions daily, the investment world reached its peak bullishness. Furthermore, Chanos is not overly bullish on the cryptocurrency market, especially after being short on Coinbase (NASDAQ: COIN) since March of this year. It seems as if there is no place to hide for market participants, as notable investors are coming out with claims that the current market conditions they have never seen in their careers. It will be interesting to see how things develop and how aggressive the Fed gets to try and calm the markets. Buy stocks now with Interactive Broker – the most advanced investment platform Disclaimer: The content on this site should not be considered investment advice. Investing is speculative. When investing, your capital is at risk.
