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Elliott Warns of Greatest Danger in Electromagnetic Pulse

Paul Singer’s Elliott Management Corp. warned investors of the risk of an electromagnetic pulse event massively disrupting the electronic grid in a wide-ranging investor letter that took shots at central bankers, social media and U.S. foreign policy.

“While these pages are typically chock full of scary or depressing scenarios, there is one risk that is head-and-shoulders above all the rest in terms of the scope of potential damage adjusted for the likelihood of occurrence,” Elliott wrote in the letter, a copy of which was obtained by Bloomberg News.