To: Honey_Bee who wrote (373297 ) 11/5/2022 11:23:03 AM From: FJB 1 RecommendationRecommended By
Respond to THIS SOUNDS RIGHT TO ME WITH THE US GOVERNMENT BASICALLY INSOLVENT...marketwatch.com “Investors should not assume they have ‘seen everything.’ ” the Financial Times , the Florida-headquartered firm told clients that it believes the global economy is in an “extremely challenging” situation that could lead to hyperinflation.The letter reportedly said the world is “on the path to hyperinflation,” which could lead to “global societal collapse and civil or international strife.” Elliott reportedly argued that markets have not fallen enough yet and that an equity-markets decline of more than 50% would be “normal,” adding that it couldn’t predict when that would happen. The S&P 500 SPX, +1.36% has dropped 19% from its peak at the beginning of the year. 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 policy makers for the current global economic situation, saying they had been “dishonest” about the reasons for high inflation. They said lawmakers had shirked responsibility by blaming it on supply-chain disruption caused by the pandemic instead of citing the loose monetary policy imposed two years ago during the COVID-19 peak. See: How activists at Elliott Management were in conversation with executives at PayPal after revealing a stake in the firm The FT reported that the h edge fund has posted a 6.4% return so far this year and has only lost money during two years in its 45-year history.
