For the past few years, a number of prominent hedge fund managers, Jones
included, have warned that the Federal Reserve’s efforts to push down
interest rates and stimulate the economy will eventually end in
disaster–a calamity that will prove more damaging than the financial
crisis.
That may explain why prominent hedge fund manager Paul Singer last May wrote that the Fed’s bond buying program would “ultimately destroy the value of money and savings while uprooting the basic stability of their societies.” Scared yet? Jones himself has called the Fed’s policies misguided.
That may explain why prominent hedge fund manager Paul Singer last May wrote that the Fed’s bond buying program would “ultimately destroy the value of money and savings while uprooting the basic stability of their societies.” Scared yet? Jones himself has called the Fed’s policies misguided.
