Bill Gross, CIO at Pimco says higher inflation is coming for the next few years. In an interview with CNBC he stated..
“I think inflation is here to stay for at least the next year or two,” Gross told “Europe Tonight.” He added, “there’s real demand for commodities … that ultimately will continue to impact core (inflation).”
His investment recommendations….
Investors keen to avoid the pitfalls of rampant inflation should opt for “real assets that can reprice subject to supply and demand considerations on a global basis,” Gross said.
There’s also a video of the interview at the above link that is well worth watching.
