Wikimedia
- Paul Singer’s Elliott Management, a $ 34 billion hedge fund, is beating the drum again about an impending market crash.
- Elliott has long raised concerns about market conditions.
- “If you think the human race is in a better and more knowledgeable state than in the past, good luck to you,” Elliott wrote in its most recent client letter, which was seen by Business Insider.
- “Our centered case is still that the prices of global debt instruments are significantly distorted (on the upside) by money-printing and artificially low interest rates, and that there will be some kind of significant downward price adjustment soon,” the letter said.
Elliott Management, a $ 34 billion hedge fund founded by billionaire Paul Singer, is once again beating the drum about an impending market crash.
In a January letter to clients seen by Business Insider, Elliott dedicated a little more than two pages to its thesis, starting the section by saying: “We like the word ‘dénouement’ better than ‘outcome,’ and it sounds way more sophisticated and nuanced than ‘the end is near’ or “the chickens are coming home to roost.”See the rest of the story at Business Insider
NOW WATCH: Ken Rogoff on the next financial crisis and the future of bitcoin
See Also:
- Jim Chanos is worried about the economy, but not because of inflation
- $ 34 billion hedge fund Elliott Management says a ‘dénouement’ is approaching — and it’s a disaster waiting to happen
- Elliott Management, a $ 34 billion hedge fund, described cryptocurrencies as ‘one of the most brilliant scams in history’ in a brutal takedown
DON’T MISS: A new lawsuit casts doubt on what billionaire Steve Cohen’s deputies have been saying for years
