Hedge-fund billionaire Paul Singer still sees dangerous ‘bubble securities, bubble asset classes’ in markets

MarketWatch/Joy Wiltermuth/4-10-2023

Photo of Paul Singer hedge fund manager“Credit collapse, although terrible, is not as terrible as hyperinflation in terms of destruction wrought upon societies.” – Paul Singer, Elliott Management

USAGOLD note: In the original Wall Street Journal this article summarizes, Singer reminds us that the Fed never “normalized” policy after the last crisis. That failure sent “money printing, prices and growth of debt into an “upward spiral.” “Many believe their portfolio should have some gold,” he says, “as it is the only real’ money and has occupied that status for literally thousands of years.”


Photo attribution: World Economic Forum, CC BY-SA 2.0 <https://creativecommons.org/licenses/by-sa/2.0>, via Wikimedia Commons

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