Reuters logo
Elliott's Singer says developed countries face long-term insolvency
May 8, 2013 / 4:36 PM / 4 years ago

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

Our Standards:The Thomson Reuters Trust Principles.
0 : 0
  • narrow-browser-and-phone
  • medium-browser-and-portrait-tablet
  • landscape-tablet
  • medium-wide-browser
  • wide-browser-and-larger
  • medium-browser-and-landscape-tablet
  • medium-wide-browser-and-larger
  • above-phone
  • portrait-tablet-and-above
  • above-portrait-tablet
  • landscape-tablet-and-above
  • landscape-tablet-and-medium-wide-browser
  • portrait-tablet-and-below
  • landscape-tablet-and-below