NEW YORK (Reuters) - Paul Singer, founder of Elliott Management, said Wednesday at the Sohn Investment Conference in New York that developed countries are facing "long-term insolvency" and that monetary stimulus is distorting the prices of long-term bonds.
"I'm not recommending short selling long-term bonds,
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Singer said the global financial system remains "opaque,
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"These prices are distorted," Singer said of the long-term bonds. "If you own them you should know about the distortion,
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"Everyone wants a safe haven. ,
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(Reporting by Sam Forgione and Steven C. Johnson,
canada goose danmark; Additional reporting by Luciana Lopez; Editing by Leslie Adler)
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