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Paul Singer, the Man Who Saw the Economic Crises Coming

wsj 8 min read . Updated: 08 Apr 2023, 03:17 PM IST The Wall Street Journal
Singer, 78, is founder of Elliott Management and one of the world’s most successful hedge-fund proprietors. (File Photo: Bloomberg) Premium
Singer, 78, is founder of Elliott Management and one of the world’s most successful hedge-fund proprietors. (File Photo: Bloomberg)

  • He warned about subprime mortgages before 2008, Dodd-Frank in 2010, and inflation in 2020. After Silicon Valley Bank, what does he think is next?

‘Men and nations behave wisely," the Israeli statesman Abba Eban observed, “when they have exhausted all other resources." Imagine if our economic policy makers listened to Paul Singer instead. Mr. Singer, 78, is founder of Elliott Management and one of the world’s most successful hedge-fund proprietors. Before the financial crisis of 2008, he tried to alert investors and public officials about the dangers of subprime mortgages. In the 15 years since, he’s repeatedly warned that the landmark Dodd-Frank Act of 2010, and the expansive monetary policies along the way, were inviting disaster.