Major Hedge Fund Warns of Something Worse Than Inflation or Stagflation as Central Bankers Have Been ‘Dishonest’
Florida-based hedge fund Elliott Management recently warned clients in a letter obtained by media outlets that the world is “on the path to hyperinflation” and a financial crisis so severe that it could even lead to societal collapse.
The letter, as reported by the Financial Times and Business Insider, urged clients to remain vigilant as the global economy and financial markets face “extremely challenging” circumstances in which investors will find it hard to turn a profit.
Elliott, which is one of the world’s biggest hedge funds, with some $56 billion in assets under management, warned of “frightening and seriously negative possibilities” on the horizon while putting much of the blame for the looming crisis on ultra-loose central bank policies….