Bill Ackman is the founder and CEO of Pershing Square Capital Management.
He's posted a long tweet:
![ackman tweek 21 September 2023](https://images.forexlive.com/images/ackman%20tweek%2021%20September%202023_id_a04edb96-b569-4697-90c8-d02872a7dbb6_original.jpg)
Some points he makes:
- The world is a structurally different place than it was.
- The peace dividend is no more.
- The long-term deflationary effects of outsourcing production to China are no more.
- Workers and unions’ bargaining power continues to rise. Strikes abound, with more likely to come as successful walkouts achieve substantial wage gains.
- Energy prices are rising rapidly. Not refilling the SPR was a misguided and dangerous mistake. Our strategic assets should never be used to achieve short-term political objectives. Now we must refill the SPR while OPEC and Russia cut production.
- The green energy transition is and will remain incalculably expensive.
- And higher gas prices will raise inflationary expectations.
His list of woes goes on and on. To be fair he's been on the right side so far.
He finishes with a cheeky wink:
- But I could be wrong. AI might save us.
![pope ai image 22 September 2023](https://images.forexlive.com/images/pope%20ai%20image%2022%20September%202023_id_06981f65-9091-411b-902f-31d8677d353e_original.jpg)
Yeah, AI is of huge benefit to mankind ;-)