Billionaire hedge fund manager Paul Tudor Jones believes inflation is here to stay.
believes inflation is here to stay, posing a major threat to the U.S. markets and economy.
"Inflation can be much worse than what we fear. We have the demand side of the equation ... and that is $3.5 trillion greater than what it normally would have ... just sitting in liquid deposits," Jones said. "They can go into stocks, or crypto, or real state, or be consumed, so that's a huge amount of dry powder just sitting waiting to be utilized at some point, which is why inflation is not going away.
The founder and chief investment officer of Tudor Investment Corp. said that it's time to double down on inflation hedges including commodities and Treasury inflation-protected securities, and that investors should avoid fixed income in this inflationary and low-rate environment.
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