Elliott's Singer says developed countries face long-term insolvency
NEW YORK May 8 (Reuters) - Paul Singer, founder of Elliott Management, said Wednesday at the Sohn Investment Conference in New York that developed countries are facing "long-term insolvency" and that monetary stimulus is distorting the prices of long-term bonds.
Singer, whose hedge fund has $21 billion in assets under management, said the global financial system remains "opaque." He said stimulus measures like the U.S. Federal Reserve's $85 billion in monthly bond purchases, has led to "distorted" global recovery and pricing of long-term bonds
- Alabama man gets $1,000 in police settlement, his lawyers get $459,000
- Man arrested after jumping White House fence, causing lockdown
- Probe: Athletes took fake classes at University of North Carolina
- Attack on parliament, killing of soldier stun Canada's capital |
- A Minute With: Shailene Woodley on teen sex, violence and Marvel