Einhorn expects an economic slump and sticky inflation – and says the risk of a global financial meltdown is growing

Markets Insider/Theron Mohamed/10-12-2022

graphic image displaying rising inflation vector“The easy-money era helped drive inflation to a 40-year high this year, and it’s likely to remain higher for years to come, Einhorn said. He added that both monetary and fiscal policy were responsible for the raging price increases, and called on both the Federal Reserve and the US government to address the issue.”

USAGOLD note: Einhorn, a long-time advocate of gold ownership, says investors should not assume a stock is cheap because it plunged 60% or 70%. It could still be hugely overvalued.

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