The legendary close seller Jim Chanus warns of market speculation to reach the maximum historical limits: “Wall Street has a printing press as well”

The famous short seller Jim Chanus The warning devices on the current market trends sparked, which led to the similarities to the conflict pronunciation that were seen during the epidemic. His comments come in the background of the increasing concerns about market fluctuations and speculation.

What happened: Chanus shared his visions with Bloomberg, focusing on the return of speculative behavior.

He pointed to the spread of the new Mimi currencies, such as the launch of the last Trump currency by the president Donald TrumpAs a clear indication of speculative enthusiasm.

“Speculation exists for me, not just as it was in 2021, and it is the most expensive markets I have seen. But it returns there,” Chanus said.

He warned that Wall Street may soon be witnessing an increase in a similar edition of the epidemic, stressing that “Wall Street also has a printing press, just like the Federal Reserve.”

It also highlighted the potential risks in the market, including the “political theater” in the United States and the aspects of Trump’s economic agenda, such as customs tariffs and reduce government jobs.

See also: Bitcoin can rise to $ 200,000 by the end of the year, says CEO of MARTHON Digital: CEO: The US Plans of the BTC Strategic Reserve can help grow

In addition, Chanus pointed to the risks posed by sabotage technology, cited DibsicA Chinese startup that caused a trillion dollars in January with the artificial intelligence model.

Chanus, known for his successful proofs against companies such as Enron, has constantly investigated the high assessments and speculative market behavior.

He previously expected a return to the madness of the market in the era of the epidemic, and warned against the FOMO trading.

Why do it matter: The concerns raised by Chanos come in a wider context of the market. Robert Keusaki, author of “Rich Dad Poor Dad”, recently warned of the collapse of the imminent stock market in February, where it was called “the biggest disruption in the stock market in history.”

Keusaki advised investors to prepare for the opportunities that arise during the market decline.

In addition, the American federal debt, which has risen to nearly 36 trillion dollars, causes anxiety. One in every five dollars is used by the government to pay investors, which constitutes challenges for Trump’s economic aspirations.

The increasing debt reflects the joint financial procedures by Congress and the president, which affects government functions.

Read the following:

Slip: This content was partially produced with the help of Benzinga Neuro It was reviewed and published by Benzinga editors.

Compliment image: Shutterstock