Our Take on Inflation

It's worth what reviewing what rising prices might mean for stock investors.

Inflation may be subdued today, but the debate over inflation is anything but tame. Pessimists, such as hedge-fund manager Julian Robertson, of Tiger Management, say rampant inflation is a looming threat. “I ask anyone to give me an example of an economy beefed up by huge amounts of fiscal and monetary stimulus that did not inflate tremendously when the economy improved,” he recently told us.

Optimists like David Herro, co-manager of Oakmark International fund, disagree. “The global economy is soft, and there’s excess capacity, so I believe inflation is still preventable,” says Herro.

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Whitney Tilson
Contributing Editor, Kiplinger's Personal Finance