David Tepper recently talked to CNBC about the prospects of QE3 and what he currently thinks about the global economy. Tepper, as you’ll recall, sparked a monstrous rally last year with his comments that the markets were a “win win” no matter what the Fed did. He thinks it’s a bit different this time.
Like the ECRI, Tepper sees this as a very different environment from the one we were entering last year before QE2. He’s less optimistic than he was a year ago, but not sounding the alarm on the economy. Perhaps most interesting is his take that QE3 might do nothing more than generate more destructive energy and food inflation. The CNBC Bond Squawk panel sat down to discuss his thoughts: