Stagflation is looming large for the US economy and will happen quickly according to Bob Prince, a top investment banker at the world’s largest hedge fund Bridgewater Associates.
Stagflation is looming large for the US economy and will happen quickly according to Bob Prince, a top investment banker at the world’s largest hedge fund Bridgewater Associates.
Speaking in an interview with Bloomberg TV, Prince said that investor optimism about inflation and interest rates is unfounded and that a period of stagflation – when high inflation is coupled with an economic slowdown and a weak job market – is the most likely outcome.
“We are headed towards it. We are on the cusp of it,” Prince told Bloomberg TV.
