Paul Singer Considers "Mass Delusions" That Is Central Bank Stimulus

Stimulus is an uncertain experiment in market manipulation that, like some cult religion, has otherwise intelligent people believing “mass delusions”

After Paul Singer's Elliott Management delivered 8.2 percent returns in Elliott Associates L.P. and 6.8 percent in Elliott International Limited, Singer focused on a familiar target in his recent letter to investors reviewed by ValueWalk.

Stay tuned for more as we provide coverage on the latest from Paul Singer.

Paul Singer notes that after six years of “monetary debasement,” also known as quantitative easing, central bankers are trapped.  Stimulus has “not lit the economy on fire,” except among assets that are held by those who have significant equity exposure: high end real estate, luxury goods, artwork and the...