Musing About Illogical Oil Pricing, Singer Tackles Inequality As ECB Targets Stimulus For Wealthy

Global economic risk is being mis-priced and the odd move in the oil market defies math, Paul Singer pointed out in a panel discussion in Davos recently. Looking at record interest rates and conducting a relative value analysis, Singer questions why the debt of troubled Eurozone nations is lower than that of the U.S.?  Is there global mis-pricing of risk or are “free markets” being manipulated? Paul Singer: World governments are the largest investors in the world stock Then he answered his own question, pointing out the largest investor in the world stock and bond markets are the major world…