Huge Hedge Fund Predicts Worst Financial Crisis Since WWII Coming
View Source | November 3, 2022 3:32 pm
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- The world will be hit by… “hyperinflation” and possibly face the worst financial crisis since the World War II, according to one of the largest and most powerful hedge funds in the world, the Elliott Management, which predicts -30% fall in Wall Street’s S&P 500 index or 2,650 points.
- The Florida-based firm, which was founded by billionaire Paul Singer and manages about $56 billion in assets, has warned clients of an “extremely difficult” situation, fraught with challenges for the global economy and financial markets, in during which investors will find it difficult to make money.
- As pointed out, there is an “extraordinary” combination of economic extremes, which is responsible for the era of cheap money, which is coming to an end.
- “The above makes possible a range of results that would be within or beyond the limits of the entire post-war period,” the fund’s analysts wrote.
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