Paul Singer Joins Icahn, Soros; Warns “It’s A Very Dangerous Time To Be In The Market”, Buys Gold

• Paul Singer Joins Icahn, Soros; Warns “It’s A Very Dangerous Time To Be In The Market”, Buys Gold
  by Tyler Durden, www.zerohedge.com  
  Over the past month, between Stan Druckenmiller, Carl Icahn and most recently George Soros, it has become positively cool to be a billionaire who has turned their back on the rigged market, and has decided to either get out of stocks or go outright net short (Soros and Icahn), while concurrently buying gold.  Over the weekend, yet another billionaire made waves, when Paul Singer told Institutional Investor in an interview that not only has the Fed’s “monetary extremism” hindered economic expansion, blasting monetary policy as adding to not only the world’s debt but its social problems (including lack of wage growth), warns that “at the moment we’re either in a stage of stagnation or rollover, possibly in the early stages of a global recession”, predicts that “it’s a very dangerous time in the financial markets” and concludes that “we’re very bullish on gold, which is the anti–paper money, of course, and is underowned by investors around the world.“
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  As Institutional Investor writes, one of the keys to Elliott’s success has been Singer’s ability to avoid losing money during market dislocations. “If you break even in a bear market or crash or financial crisis, you’re way ahead of the game,” he says. The legendary investor, who will be receiving an IInvestor Lifetime Achievement Award at the firm’s annual Hedge Fund Industry Awards dinner on June 23 at the Mandarin Oriental in New York, recently spoke with Michael Peltz about the challenges he sees in the current global macroeconomic environment.
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  He was very, very bearish.
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  Why have developed economies been unable to achieve the growth they had prior to the global financial crisis?
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