Tepper: It's Time to Start Tapering

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Nov. 21 (Bloomberg) –- Appaloosa Management President David Tepper discusses Fed tapering. He speaks with Stephanie Ruhle at the Robin Hood Investors Conference. (Source: Bloomberg)

Good year next year and the year after.

Is it time to taper now?

Look, i would like to see what the employment numbers are.

I think they're going to start tapering in the first quarter some time.

I think it is time to start tapering.

It does not mean that they will stop qe on the dime.

They will slowly and it.

It does not mean they will change the policies.

They will have low interest rates for a while.

By the way, in the charts i showed you before, these interest rates cannot go that high.

They are just not going to go that high.

No matter what happens, it is not going above 3.5%. no way will it do that next year.

I would bet whatever he could on that.

I am sure the bond market right now, but it cannot go that high.

If you look at where the bubble happens, it happened at much higher treasury rates of 6.0%, 7.0% in the 1990s. what will a paper due to the market?

Will there be a negative reaction?

If you are tapering, is because there is stronger underlying u.s. growth.

If there is stronger underlying u.s. growth, the market should be higher.

If the market goes down, that's great.

I won't be surprised if it wants to go down.

We are a hedge for that event just in case it happens.

I am not sure what will happen.

You have to be, as i said, you have to continue along the equity markets.

I want to talk about the nikkei for a second.

What is the weakness of the yen?

It needs more involvement in

This text has been automatically generated. It may not be 100% accurate.


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