A billionaire investor who predicted the '08 crisis and the post-COVID inflation spike sees 'significant' recession risk and a prolonged period of low asset returns

• Paul Singer sounded recession alarms and warned of a lengthy period of low returns. 
• The hedge fund manager said the US economy is facing an "extraordinarily dangerous and confusing period," per the WSJ.
• Singer previously called the subprime mortgage crisis and warned of the post-Covid inflation spike.

Billionaire hedge fund proprietor Paul Singer warned investors of a prolonged market cycle of low returns in financial assets as recession risks continue to mount.