Paul Singer/Elliott views are worth the read: https://t.co/f4itUqDaoj pic.twitter.com/eBWy2t3qEM
— Prometheus (@PrometheusNRx) November 3, 2022
Market Watch: Hedge fund giant Elliott warns looming hyperinflation could lead to ‘global societal collapse’
"Investors should not assume they have ‘seen everything’”
That was from executives at leading hedge fund Elliott Management, who warned that the world is heading towards the worst financial crisis since World War II.
In a letter sent to investors, and seen by the Financial Times, the Florida-headquartered firm told clients that they believe the global economy is in an “extremely challenging” situation which could lead to hyperinflation. Elliott did not respond to MarketWatch’s request for comment.
Read more ....
WNU Editor: Key points from the Hedge Fund Elliott are the following:
.... the world is on the road to “hyperinflation” and could be heading towards its worst financial crisis since the second world war
.... hyperinflation could lead to “global societal collapse and civil or international strife”
For the past week I have been reading doom and gloom forecasts from funds that have a lot of "skin in the game. This is just one more doom and gloom report but what makes it unique is that it is on the front page of the Financial Times!!!! And hedge Fund Elliott is a multi-billion dollar fund with a very good track record.
As to what is my take.
I do not see a "global societal collapse". But I do see very hard times for a lot of countries around the world, and hard times for us in the West.
If you keep taxes and programs simple, you would reduce risk. But politicians have t complicate the tax code to buy votes.
ReplyDeleteSupply chains for shipping to trucking to air travel were doing okay. Then government stepped in and it has not been good for 3 years now.
Nothing to see here lads, back to the ostfront!
ReplyDeleteIf you got nothing, you got nothing to lose
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