New Economy Forum
Griffin Says Peace Dividend Over, High Inflation to Last Decades
- Higher baseline inflation may last for decades, Griffin says
- US spending like a ‘drunken sailor,’ deficit is unsustainable
Citadel founder Ken Griffin said the world is facing unrest and structural changes that are pushing it toward de-globalization and causing higher baseline inflation that may last “for decades.”
“The peace dividend is clearly at the end of the road,” Griffin said at the Bloomberg New Economy Forum on Thursday in Singapore, referencing the Russia-Ukraine and Israel-Hamas wars. “We are likely to see higher real rates and we’re likely to see higher nominal rates.”