Summary
U.S. government efforts to revive a sluggish economy have cheered markets since March, but some of the most successful investors around worry these moves may only make the bad times linger.
Several hedge fund managers at an investment conference this week warned that a number of policy moves by the Obama administration, from its Chrysler intervention to Treasury's myriad bank bailouts, will only extend the recession.See the full content of this document
Extract
Hedge Funds Worried Obama Moves Could Backfire
It would be better, they said, if the government let markets move unimpeded, causing pain now but clearing a path for sustainable recovery.
"The basic strategy appears to be to...See the full content of this document
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