BusinessInsider/Natasha Dailey/1-26-2022
“Star hedge fund manager David Einhorn said no matter what the Federal Reserve does, high-flying inflation will eventually induce a recession. The Greenlight Capital boss said Wednesday in an investor letter obtained by CNBC that his firm has already begun readying itself for an economic downturn as inflation soars to its highest in decades.”
USAGOLD note: David Einhorn says that inflation is already so entrenched in the economy that the Fed would need to “sacrifice the primacy of the financial markets” in order to fight it. Many of you will recall that Einhorn’s grandfather taught him lessons about gold that he carried with him into the Wall Street investment arena.
