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Market is unprepared for the inflation fallout, Wharton’s Siegel warns


CNBC/Stephanie Landsman/10-3-2021

graphic image of a red flag waving

“’We’re headed for some trouble ahead,’ he told CNBC’s ‘Trading Nation’ on Friday. ‘Inflation, in general, is going to be a much bigger problem than the Fed believes.’”

USAGOLD note: An characteristically bleak outlook from an unexpected source …… Siegel worries that the Fed will respond to rising inflation by launching what he calls an “accelerated taper.” We shall see ……

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