Paul Singer Says “Everyone Is In The Dark”; Warns Of “Sudden, Intense Market Breakdown”

from Zero Hedge

While there have been some very prominent recent entrants into the billionbear club, such as BIll Gross, Jeff Gundlach, Carl Icahn and George Soros, who only recently switched from being bullish on the market to predicting gloom, one name has been a staple when it comes to warnings about the disastrous consequences of the new normal’s monetary policy: Elliott Management’s Paul Singer.

And, sure enough, in his latest letter he does not disappoint, dispensing with his usual dose of what Kate Kelly calls “bleakness“, warning that the bond market is “broken“, and when the unprecedented central bank actions of recent years can no longer prevent a market decline – which considering that both the BOJ and ECB are running out of monetizable bonds may be sooner than many expected – “the subsequent loss of confidence could be severe.”

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