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

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Mark Melin
Published on
Updated on

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 bullish co-host…

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Mark Melin is an alternative investment practitioner whose specialty is recognizing the impact of beta market environment on a technical trading strategy. A portfolio and industry consultant, wrote or edited three books including High Performance Managed Futures (Wiley 2010) and The Chicago Board of Trade’s Handbook of Futures and Options (McGraw-Hill 2008) and taught a course at Northwestern University's executive education program.