Video:David Dreman Warns About 10-12% Inflation
David Dreman warns about inflation. I’m starting to see a recurring theme here-Buffett, Eveillard, Einhorn, Rogers, and many others are worried about inflation.
Introduction (Via CNBC)
The worst buys of the past few years, such as real estate and stocks, may prove to be the best investments a few years from now, said David Dreman, chairman and CIO of Dreman Value Management. “I think we’re factoring in some pretty major inflation,” Dreman told CNBC. “There’s been a report that there has been $21 trillion of new debt that was recently put out. The Treasury has been printing money 24-7 and that’s got to have its toll.” Dreman predicted that this will lead interest rates to reach 10 to 12 percent in 2 to 4 years, which will be good news for stocks and real estate over time.
