Norway wealth fund CEO sees market weakness, inflation threat

Bloomberg/Iain Rogers/ 12-25-2021

“[Fund CEO] Tangen said the ‘biggest potential problem’ for the fund — the world’s biggest owner of publicly traded stocks — is inflation and predicted surging prices could have ‘far more serious consequences than is currently generally assumed.'”

USAGOLD note: Tangen forecasts a decade of low returns and says, “we have nowhere to hide from inflation.” Perhaps he isn’t looking hard enough, or then again maybe he’s playing his cards close to the vest. By our count, there is still an ace or two left in the deck.