Paul Singer On The "Bigger Short"

When speaking at the recent Grant’s Spring Conference at the Plaza in New York earlier this year, Paul Singer talked about his ideas for the next “Big Short”. In Elliott’s first quarter letter to investors, Singer goes into more detail on how he sees the short playing out. In reference to Michael Lewis’ book, “The Big Short”, which covers the 2005-2007 credit bubble, Singer has named his new trade “The Bigger Short”. He states: [munger] “Today, six and a half year after the collapse of Lehman, there is a Bigger Short cooking. That Bigger Short is long-term claims on paper…