Apr
25
If Paul Tudor Jones Was Janet Yellen, He’d Be Sh!tting His Pants Right Now
ByYou know things are getting weird out there when PTJ makes a quasi-public appearance and says something newsworthy:
Billionaire investor Paul Tudor Jones has a message for Janet Yellen and investors: Be very afraid.
The legendary macro trader says that years of low interest rates have bloated stock valuations to a level not seen since 2000, right before the Nasdaq tumbled 75 percent over two-plus years. That measure — the value of the stock market relative to the size of the economy — should be “terrifying” to a central banker, Jones said earlier this month at a closed-door Goldman Sachs Asset Management conference, according to people who heard him…
If Paul Tudor Jones Was Janet Yellen, He’d Be Sh!tting His Pants Right Now
