Hedge-fund giant Elliott warns looming hyperinflation could lead to ‘global societal collapse’

In a letter sent to investors, and reportedly seen by the Financial Times, the Florida-headquartered firm told clients that it believes the global economy is in an “extremely challenging” situation that could lead to hyperinflation.

It added that the “extraordinary” period of cheap money is coming to an end and has “made possible a set of outcomes that would be at or beyond the boundaries of the entire post-WWII period.”

The letter reportedly said the world is “on the path to hyperinflation,” which could lead to “global societal collapse and civil or international strife.”

The firm, led by billionaire Paul Singer and Jonathan Pollock, told its clients that “investors should not assume they have ‘seen everything’ ” because they have been through the peaks and troughs of the 1987 crash, the dot-com boom and bust, the 2008 global financial crisis, and previous bear and bull markets.

https://www.marketwatch.com/story/hedge-fund-giant-elliott-warns-looming-hyperinflation-could-lead-to-global-societal-collapse-11667470081