Master of the obvious
Hedge fund giant Elliott warns looming hyperinflation could lead to ‘global societal collapse’
https://www.marketwatch.com/story/he...se-11667470081
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Elliott executives warned clients that the idea that “‘we will not panic because we have seen this before’ does not comport with the current facts.”
They blamed central bank policymakers for the current global economic situation, saying they had been “dishonest” about the reason for high inflation. They said lawmakers had shirked responsibility by blaming it on supply chain disruption caused by the pandemic instead of loose monetary policy imposed two years ago during the COVID-19 peak...
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 the 2008 global financial crisis and previous bear and bull markets.
They 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.”
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The letter said the world is “on the path to hyperinflation”, which could lead to “global societal collapse and civil or international strife”
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Ya think? I’d say we’re well on our way already.