(Bloomberg) — U.S. markets are “utterly and completely unprepared” for the possibility that inflation might pick up after years of subdued price gains, hedge fund manager Ken Griffin said.“In the United States there is absolutely no preparedness for an inflationary environment,” Griffin, founder of $30 billion hedge fund Citadel, said at an Economic Club of New York luncheon on Thursday.Griffin didn’t comment further on what he sees as a lack of readiness. Expectations of continued low inflation have emboldened investors to load up on long-dated debt, helping to push the rate on 30-year Treasury bonds close to 2%, near historic …read more
Source:: Yahoo Finance
