SMM News: 28 well-known US hedge fund manager, billionaire Paul Singh (Paul Singer) expressed the view that the global economy is moving towards a "serious market downturn."
"the global financial system is on the brink of danger," Singh said at a panel discussion at the Aspen festival (Aspen Ideas Festival) on Thursday. Global debt is at an all-time high. Derivatives are at an all-time high. "
The founder and CEO of (Elliott Management), the Elliot management company, says there will be a 30-40 per cent correction in the US stock market when the economy is in the doldrums. But he said he could not predict the exact time.
Singh often criticizes US monetary policy. He said the market crash after raising interest rates at the end of last year was the first sign of an upcoming recession. Now the Fed and other central banks are victims of their own policies.
"what they should have done a long time ago, and what they should do now, is to restore the stability of the currency," he said. They should not lower interest rates now. They should call on the parliaments and parliaments of developed countries to take measures to deal with the slowdown in economic growth. "