Market bull Jim Paulsen downplays inflation fears, says it ‘might actually do a lot of good' (via TradingNation)
According to Jim Paulsen of the Leuthold Group, rising prices should boost the market and economy.
"If we just end up elevating the rate of inflation a little bit on a permanent basis, I think that might actually do a lot of good," the firm's chief investment strategist told CNBC's "" on Monday. "We've been fighting inflation for four decades in this country — always being quick to tighten, slow to ease. And the result is we've created some of the most sluggish growth over the last 15 years we've had in the entire postwar history.
"It stokes animal spirits," he said. "If people think prices are going to go up over time, that means you might feel better about getting higher wage hikes, for example. And, it might cause businesses to expand more operations because they know they can grow into it with pricing flexibility." He's also not worried about the long-term impact of the supply chain turmoil. Paulsen attributes the backlog to a temporary shock caused by the"When you get companies preparing for a depressionary bust and instead give them a postwar boom, they just can't catch up," said Paulsen. "They contracted operations to the minimums to survive a pandemic."
Brasil Últimas Notícias, Brasil Manchetes
Similar News:Você também pode ler notícias semelhantes a esta que coletamos de outras fontes de notícias.
Jim Edmonds Breaks Silence on 'Stranger' Meghan King and Cuffe Biden Owens' Wedding - E! OnlineIn a new interview with Daily Mail, Jim Edmonds said his ex-wife Meghan King gave him a heads up that she was about to marry Cuffe Biden Owens. “I thought it was a joke,” he said.\r\n
Consulte Mais informação »
Another upward force on American inflation: the housing boomProperty could join energy, shipping, used cars and wages as a contributor to rising consumer prices
Consulte Mais informação »
CEO of maker of U.S.-manufactured toys sees higher inflation persisting into late 2022American Plastic Toys CEO John Gessert told CNBC on Monday he does not think inflation will prove to be transitory, as Fed chief Jerome Powell has predicted.
Consulte Mais informação »
Here's when soaring oil prices could make the stock market sputterSurging oil prices may account for the stock market's sideways performance since early September, says one Wall Street analyst.
Consulte Mais informação »
Gas price rises: Russia not withholding supplies, says ambassador to UKRussia is not slowing gas supplies for political reasons, Andrei Kelin says.
Consulte Mais informação »