Hedge Fund Guru: Fed Has Broken the Market

Tom Ozimek
By Tom Ozimek
January 22, 2021NTD Business
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Hedge fund founder of Baupost Group and value investment guru Seth Klarman said that central bank stimulus and cheap money has convinced investors that risk has vanished—eroding the market’s role as a mechanism of price discovery.

Another 900, 000 Americans filed for unemployment last week—and only about half the jobs lost have been recovered; yet the U.S. stock markets are breaking new all-time highs.

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