Hedge-fund manager Paul Singer of Elliott Management on Tuesday recommended that investors sell long-term bonds to prepare for rampant inflation. Investors are being “very careless” about the threat of inflation, he said at the Delivering Alpha conference presented by CNBC and Institutional Investor.
“There will come a time when inflation, despite growth-suppressive policies, can blow through targets and surprise everyone,” he added. He also said reforms were needed to U.S. tax policy and regulations in order to spur more robust growth. “But in the absence of pro-growth policies, yeah, monetary policies are the only game in town,” said Singer.
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