Transitory Inflation Idea Is ‘Nonsense,’ Says Wincrest’s Bernard
- Hedge fund goes long commodities to express this view
- Forces such as upward pressure on wages are seen at play
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Add Wincrest Capital founder Barbara Ann Bernard to a growing list of fund managers predicting that inflationary pressures bubbling up as the U.S. economy revives will prove far from transitory.
Much of the Biden administration’s agenda, including reducing wealth inequality and promoting clean energy, support a structural lift to inflation, says the chief investment officer of the Nassau, Bahamas-based hedge fund.