Legendary investor Carl Icahn has certainly never been one to mince words. In a phone interview with CNBC this weekend, Icahn explains why he believes that the art, real estate and high-yield bond markets may soon be facing a catastrophe similar to the one that the U.S. housing market faced back in 2007.

The Cause Of The Crisis

Icahn believes that the prolonged environment of historically-low interest rates has created bubbles in several markets, including real estate, and that it is hard to predict what will happen when rates start heading back up.

“We do know when we did it a few years ago it caused a catastrophe, it caused ’08,” Icahn explained.

Backed Into A Corner

Icahn believes…

Click here to continue reading

My book is on sale for just $0.99 through the end of September only!

Then it goes back to its regular price of $79.99, so you’d better get it now….

Want to learn more about how to profit off the stock market? Or maybe you just want to be able to look sophisticated in front of your coworkers when they ask you what you are reading on your Kindle, and you’d prefer to tell them “Oh, I’m just reading a book about stock market analysis,” rather than the usual “Oh, I’m just looking at pics of my ex-girlfriend on Facebook.” For these reasons and more, check out my book, Beating Wall Street with Common Sense. I don’t have a degree in finance; I have a degree in neuroscience. You don’t have to predict what stocks will do if you can predict what traders will do and be one step ahead of them. I made a 400% return in the stock market over five years using only basic principles of psychology and common sense. Beating Wall Street with Common Sense is now available on Amazon, and tradingcommonsense.com is always available on your local internet!