Saturday, January 23, 2016

Davos must be really pricey this year

Wall Street Journal on big financial investor musings at Davos --

Elliott Management chief Paul Singer, who runs a $26 billion hedge fund, said, “If central banks double down on their policies of QE, ZIRP and NIRP, it could cause a loss of confidence in central bankers, paper money in general, or one or more currencies, and lead to a collapse in bonds and stock prices.”

Paul Krugman explained a few months back the context in which comments like these should be judged. Singer believes that a President Rubio would solve the above problems.

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