Founder of 17 billion dollar hedge fund Elliott Management recently aired his views on the world economy in an ARG 14.000-word letter to investors, according to an article in the New York Times.
Among the many criticisms singer States in the letter, he shoots at Federal Reserve for their quantitative easing and artificially low interest rates to get the economy moving, and in European countries for supporting up Greece rather letting it fail.
Singer also provides advice to Washington politicians curmudgeonly that they should continue cutting off programs such as Medicare and Social Security (which they are engaged in recently sent the debt ceiling bill) rather than raise taxes to finance them, describing it as a strategy that will drive companies to move abroad "to places where they are not only considered may be bypassed."
He lighten up a little when he talks about the growth of his hedge fund, says it is "currently in the process of raising additional capital," reported the Times.
Singer is a libertarian conservatives, who have blasted the U.S. fiscal policy in the past including his knock on Dodd-Frank as "completely nutty."
Go to the New York Times article
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