15 to 21 August: Broken Record

This week excerpts from hedge fund manager Paul Singer’s Q2 letter to investors were quoted across the media. He describes the fixed income market as “broken” and that “the biggest bond bubble in world history,” will lead to a breakdown which will “likely to be surprising, sudden, intense, and large.” Thus in reference to sub-zero yield debt, investors should “hold such instruments at your own risk; danger of serious injury or death to your capital!”

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