Singer Says U.S. Federal Reserve to Blame For Inequality

With the stock market up year to date and a strong headline jobs numbers showing employment growth and other “great news” abounding, Andrew Ross Sorkin wanted to ask Paul Singer a simple question: “Is everybody wrong?”

Paul Singer: Market optimism was unwarranted

Sorkin had just quoted Singer directly from his investor letter, where the frank speaking hedge fund manager delivered his somewhat negative opinion that the “market optimism was unwarranted,” the “economic data was cooked or misleading” and the stimulus induced growth is “fake growth with very little chance of being self reinforcing and sustainable.”

Sorkin, the often...