Category: Social Capital

Billionaire investor Chamath Palihapitiya says the Fed warped markets with easy money – and a US recession is looming

Chamath Palihapitiya. Mike Windle/Getty Images for Vanity Fair Chamath Palihapitiya slammed the Fed for distorting financial markets with near-zero interest rates. The billionaire investor said the market slump this year was the result of money leaving the system. Palihapitiya predicted the US economy would tumble into a recession within the next two years. Chamath Palihapitiya has accused the Federal Reserve of inflating asset prices and…