A billionaire investor who predicted the '08 crisis and the post-COVID inflation spike sees 'significant' recession risk and a prolonged period of low asset returns
Billionaire hedge fund proprietor Paul Singer warned investors of a prolonged market cycle of low returns in financial assets as recession risks continue to mount. the founder of Elliott Management and one of the world's most notable money managers said the US economy is facing an"extraordinarily dangerous and confusing period."
"Valuations are still very high. There's a significant chance of recession," Singer said."We see the possibility of a lengthy period of low returns in financial assets, low returns in real estate, corporate profits, unemployment rates higher than exist now and lots of inflation in the next round."
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