Billionaire Hedge Fund Manager Paul Singer Says The Fed is Creating "Class Warfare"
Also says recovery is being distorted
Billionaire hedge fund manager Paul Singer, who runs Elliott Management, opened the Sohn Investment Conference and his talk was pretty much a downer.
Singer made the point that quantitative easing has caused a "distorted recovery."
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Loved this part:
IOW, QE is crony capitalism on a grand scale.
What we need is a 100% tax on profits gained through cronyism.