Here is an excerpt from Mr. Singer's letter to investors:
Nobody can predict how long governments can get away with fake growth, fake money, fake financial stability, fake jobs, fake inflation numbers and fake income growth. Our feeling is that confidence, especially when it is unjustified, is quite a thin veneer. When confidence is lost, that loss can be severe, sudden and simultaneous across a number of markets and sectors.
http://www.zerohedge.com/news/2014-11-04/paul-singer-slams-fake-world-fake-growth-fake-money-fake-jobs-fake-stability-fake-in
This is consistent with what the people at GlobalEurope Anticipation Bulletin have been saying for years: the world's leaders did nothing to address the world's monetary problems except try to re-inflate the bubbles which led to the Global Financial Crisis in the first place.
No matter who "wins" the election tonight, we are screwed. The only difference between Republicans and Democrats is which orifice they're going to stick it in first. Both sides are working from fake data and false assumptions. Any "solutions" they try are therefore quite likely to fail.
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