In the August 19, 2016, issue of On My Radar, Steve Blumenthal cited a CNBC article discussing Elliott Management’s quarterly investor letter by Paul Singer, which predicted a forthcoming market “breakdown.” Singer contends that the global bond market is “broken.”
Today, at CNBC’s Delivering Alpha conference, Singer criticized central bankers and specifically the Federal Reserve saying, “What they have done is created a tremendous increase in hidden risk, risk that investors don’t exactly know or have faced about their holdings. I think it’s a very dangerous time in the global economy and global financial markets.”
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