Paul Tudor Jones Correctly Predicted The 1987 Stock Market Crash: Here's What The Billionaire Hedge Fund Manager Says Is Coming NextBillionaire hedge fund manager Paul Tudor Jones sees continued weakness ahead as the U.S. economy heads for recession.
What Happened
Jones, founder and chief investment officer of Tudor Investment, warned the U.S. economy is headed for a recession if it’s not already in the midst of one Monday on CNBC’s “Squawk Box.”
“The Federal Reserve board is fighting something it hasn’t seen really in almost four decades,” Jones said.
“Inflation is a bit like toothpaste. Once you get it out of the tube, it's hard to get it back in. The Fed is furiously, right now, trying to wash that taste out of their mouth and they’re doing it by raising interest rates.”...
Source: Paul Tudor Jones Correctly Predicted The 1987 Stock Market Crash: Here's What The Billionaire Hedge Fund Manager Says Is Coming Next (https://www.theepochtimes.com/paul-tudor-jones-correctly-predicted-the-1987-stock-market-crash-heres-what-the-billionaire-hedge-fund-manager-says-is-coming-next_4789721.html)
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