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From: Julius Wong	11/15/2024 7:20:08 AM
	1 Recommendation of 8255

Greenlight's David Einhorn says he boosted inflation bets after Trump victory Nov. 13, 2024 4:48 PM ET By: Joshua Fineman, SA News Editor Matteo Colombo/DigitalVision via Getty Images Famed investor David Einhorn increased his bets that inflation will increase under a Donald Trump administration. "We have increased our bets on inflation," Greenlight's Einhorn said at the CNBC Delivering Alpha Conference. "I think we are going to have another inflection of inflation. I think we'll see more of that over the next few years." Einhorn sees the potential for 3.5% to 4.5% inflation next year. "I don't really see what the mechanism is, right away, to make it go back up to 7, 8 or 9," Einhorn said. "It seems to be that we are going to have an expansionary policy," Einhorn explained. "They want to cut a lot of taxes." He expects that immigration policy that Trump plans to implement will increase labor costs. "I think the immigration policy that they're going to put in place is going to be inflationary for costs and for labor and stuff like that," Einhorn said. I think we will have a bunch of inflation. What they're able to do or chose to do about that, I don't know. There's an argument for tolerating it and they may prefer too just to try to run the economy as hot as possible and live with the inflation."

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