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Icahn warns of potential looming catastrophe

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Scott Wapner | @ScottWapnercnbc

Danger ahead—that’s the warning from Carl Icahn in a video coming Tuesday.

The activist says low rates caused bubbles in art, real estate and high-yield bonds—with potentially dramatic consequences.

“It’s like giving somebody medicine and this medicine is being given and given and given and we don’t know what’s going to happen – you don’t know how bad it’s going to be. We do know when we did it a few years ago it caused a catastrophe, it caused ’08. Where do you draw the line?”

https://www.cnbc.com/2015/09/27/-of-potential-looming-catastrophe.html