– World’s Top 10 Hedge Funds
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– Hedge-fund giant Elliott warns looming hyperinflation could lead to ‘global societal collapse’:
Elliott contends markets have not fallen far enough and the world is hurtling toward the worst financial crisis since World War II
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The firm, led by billionaire Paul Singer and Jonathan Pollock, told its clients that “investors should not assume they have ‘seen everything’ ” because they have been through the peaks and troughs of the 1987 crash, the dot-com boom and bust, the 2008 global financial crisis, and previous bear and bull markets.
It added that the “extraordinary” period of cheap money is coming to an end and has “made possible a set of outcomes that would be at or beyond the boundaries of the entire post-WWII period.”
The letter reportedly said the world is “on the path to hyperinflation,” which could lead to “global societal collapse and civil or international strife.”
Elliott reportedly argued that markets have not fallen enough yet and that an equity-markets decline of more than 50% would be “normal,” adding that it couldn’t predict when that would happen.
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