Insolvência dos países ricos

PAUL SINGER: Developed countries are hopelessly and utterly insolvent

Singer said the balance sheets of developed economies were hopelessly and utterly insolvent once long-term entitlements were added in, according to the tweets.

Singer has previously said prices of stocks and bonds have been "distorted" by central-bank monetary policy.

And if central banks decide they need to do more — such as another round of stimulus through quantitative easing — Singer thinks everything will go to hell. This is something he's warned about before.

Here's an excerpt from his fund's second-quarter letter:

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