David Tepper spoke on Bloomberg TV:

  • If you don’t stop deflation in the eurozone, things will keep going in the same direction
  • ECB should have done QE last year
  • Negative interest rates don’t create money or inflation
  • US economy is pretty good
  • Stocks not at a high multiple
  • Wishes he didn’t have any investment in Fannie Mae and Freddie Mac
  • on Bill Gross leaving PIMCO “Who cares … what matters is fundamentals”
  • Moves in EUR and JPY haven’t been “big moves”
  • “Maybe the euro goes to 1.10, that would be a big move

Tepper runs Appaloosa Management. He is the best-paid hedge fund manager in the world, making $3.5 billion last year.

Earlier today, fellow hedge fund giant Ray Dalio was on CNBC: “If I was running monetary policy, I would wait to see for the whites of the eyes of inflation,” he said.