Source: Yahoo! Life —
According to Jeff Greene, who turned a $50 million investment into $500 million in 2008 by purchasing credit default swaps on bonds backed by subprime mortgages as the housing bubble burst, the economy is currently experiencing a new asset bubble, including those in crypto, SPACs, overvalued tech stocks, and real estate.
Besides his successful track record as a savvy investor, Greene is also known for his spats with Donald Trump. Green lives near Trump in West Palm Beach, Florida and is a fellow member of Mar-a-Lago, where the two have caused scenes over their political arguments.
“We’ve been in an omnibubble, there’s no question about it,” Greene, 67, told Forbes earlier in June. “If you spend trillions and trillions of dollars in every advanced economy in the world and have coordinated fiscal and monetary stimulus, obviously you’re going to create bubbles and inflation.”
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