Billionaire investor Paul Tudor Jones warned of the negative consequences of inflation on the US economy.
“The main problem facing investors in Main Street [pequeñas empresas independientes estadounidenses] is inflation, and I am quite clear that inflation is not transitory“he said in a interview provided to the CNBC network. “It is probably the biggest threat to financial markets and I think to society in general: protect yourself now,” he added.
According to the mogul, the trillions of dollars in fiscal and monetary stimulus issued by the Federal Reserve and the US Government are the necessary boost for inflation to “heat up” for longer. In addition, he predicted that Price pressure will continue to rise over the next few months.
The billionaire advised investors to avoid having a fixed income in this inflationary and low interest environment. “Don’t want to argue that at all, because what they are saying, what they are telling you with their actions, is that they are going to be slow and late to fight inflation, and at some point, someone will have to come and lower the hammer.” , sentenced Jones
- Paul Tudor Jones is an American billionaire and philanthropist who owns the hedge fund Tudor Investment Corporation. He became known after predicting and profiting from the 1987 stock market crash.
- This 2021, he shook the values of bitcoin after expressing his desire to invest in cryptocurrency to protect himself from inflation.