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Paul Tudor Jones says inflation could be worse than feared, biggest threat to markets and society
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cnbc.comBillionaire hedge fund manager Paul Tudor Jones believes that inflation is here to stay, posing a major threat to the U.S. markets and economy.
«I think to me the number one issue facing Main Street investors is inflation, and it's pretty clear to me that inflation is not transitory,» Jones said on CNBC's «Squawk Box» Wednesday. «It's probably the single biggest threat to certainly financial markets and I think to society just in general...Inflation can be much worse than what we fear.»
The longtime trader said price pressures will continue to rise in the coming months. Inflation ran at a fresh 30-year high in August amid supply chain disruptions and extraordinarily strong demand.
«It's absolutely dead for a 60/40 portfolio, for a long
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