Billionaire Paul Singer: The U.S. Has A Big Debt Problem And The Fed Is Making It Worse |
| May 08, 2013 | May 2013 Bond Updates |
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Billionaire hedge fund manager Paul Singer warned that rich countries are insolvent, with U.S. debt to GDP levels actually around 500% given the cost of entitlements. The head of Elliott Management warned of the massive levels of leverage at major global banks, and at the perils of quantitative easing which is masked money printing, telling investors to be weary of holding U.S., European, or Japanese bonds. |
| View more at: http://www.forbes.com/sites/afontevecchia/2013/05/08/u-s-is-insolvent-banks-sitting-on-trillions-in-derivatives-we-cant-see-and-qe-money-printing-is-making-it-worse-singer-at-ira-sohn/ |
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