Paul Singer On Detroit, Obamacare And The Uselessness Of Computers

Paul Singer says in plain words that Detroit's recent insolvency is just a preview of what a full-fledged collapse of U.S economy will look like. In the third quarter letter, which was reviewed by ValueWalk, Paul Singer takes a jab at the Fed's strategy of 'saving' the economy with huge amounts of money-printing and says that unfortunately states in the U.S cannot do the same.

Read more about what Paul Singer said in his Q3 letter (as we first reported) here.