Paul Singer Warns $7 Trillion Of Corporate Debt Needs to Be Refinanced

In the latest letter to the investors, Paul Singer from Elliott Management tackled the difficult topic that keeps everybody buzzing. What about interest rates? How is the United States handling its fiscal and monetary policy? Where will lead us to the current trend of rising asset prices? Stay with us, while we dissect nuggets of wisdom from Paul Singer.

The Question Of Interest Rates

According to Singer, the current level of interest rates, which peaked at ~5% in a period of 10% inflation, did not create economic conditions in which it is difficult to secure credit. Assessing the inverted yield curve, it is possible to deduce that short-term policy rates will be substantially lower...