Elliott Management's Paul Singer worries of trouble ahead for markets from 'overleverage, overvaluations, bubble securities, bubble asset classes,' despite a...
That’s hedge-fund billionaire Paul Singer of Elliott Management, on why he thinks a deep recession and credit collapse will be necessary to purge financial markets of excesses created by more than a decade of easy-money policies.
— Paul Singer, hedge-fund manager and founder of Elliott Management That’s hedge-fund billionaire Paul Singer of Elliott Management, on why he thinks a deep recession and credit collapse will be necessary to purge financial markets of excesses created by more than a decade of easy-money policies. Singer, called a “doomsday investor” by the New Yorker, including for his epic battle with Argentina over its defaulted debt, in’t a fan of sweeping banking regulations from the Dodd-Frank Act of 2010, or prolonged market interventions by global central banks in the wake of the 2008 global financial crisis, or cryptocurrencies.
Singer worries the Fed and other central banks will respond to the next downturn by picking up their recent playbook of slashing interest rates, and potentially resuming large-scale asset purchases.
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