Mark Mobius Says Inflation Threat Won’t Go Away Anytime Soon

mobius mark inflation markets
Egypt
  • Date: 11-May-2021
  • Source: Yahoo News
  • Sector: Economy
  • Country: Egypt
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Mark Mobius Says Inflation Threat Won’t Go Away Anytime Soon

(Bloomberg) -- The world’s largest money managers may be underestimating the durability of inflation after a record wave of money printing to combat the Covid-19 pandemic, according to veteran investor Mark Mobius.

This will pose a particular problem in the U.S., where a rising inflation rate will weigh on the global reserve currency, said Mobius, who set up Mobius Capital Partners after three decades at Franklin Templeton Investments. At the same time, the quickening price growth is likely to support a rally in raw materials, even as the Bloomberg Commodity Index already hovers near its highest since July 2015, he said.

READ MORE: Inflation Debate Hits Emerging Markets as Pimco Stands Firm

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