One guy’s opinion. I’m investing in brass and cordite.
In a letter to clients, Elliott said that while investors look for further easing of financial conditions with a Fed pivot, only a severe recession can cut inflation.
Elliott, founded by Paul Singer, says the “world is on the path to hyperinflation, which is the direct route to global societal collapse and civil or international strife. It is not baked, but that is the path that we are treading.”
“Investors should not assume that they have ‘seen everything’ on account of experiencing the 1973 to 1974 bear market and oil embargo, the 1987 crash, the dot-com crash, or the 2007 to 2008 GFC,” the fund said.