Elliott Management Corp. Paul Singer Says Market Correction Is Coming Soon

Recently in a Bloomberg panel discussion, Paul Singer said we are most likely facing a 30-40% market correction, citing debt and derivatives as the main catalysts. David Rubenstein on the other hand, co-founder and co-chairman of the Carlyle Group, doesn’t think anything will happen until after the election. Read more at Bloomberg

The chart below shows that corporate debt currently sits at levels slightly higher than before the financial crisis. Read more at Deloitte

courtesy Deloitte Insights

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