Inflation alert: Expect prices to climb 25% says Wharton’s Jeremy Siegel

Forbes/Jason Bisnoff

Repost from 10-8-202

graphic rendering the value of money
“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.

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