Inflation alert: Expect prices to climb 25% says Wharton’s Jeremy Siegel
Repost from 10-8-202
“In the middle of a volatile week for markets led by the major tech stocks, Wharton professor Jeremy Siegel told the assembled wealth managers at the Forbes/SHOOK Top Advisor Summit in Las Vegas that the current economic picture is unsustainable and projected 20% to 25% inflation over the next few years, positing that it could come with successive years of 5% to 7% annual inflation.”
USAGOLD note: Siegel’s estimates might be on the conservative side. Nevertheless, even a 5% to 7% inflation rate could do significant damage to the real rate of return.