McDonald Predicts Trillions to Flow Out of Growth Stocks Into Commodities Over Next Decade Due to High Inflation
• Trillions of dollars will flow out of growth stocks over the next decade as money moves into inflation beneficiaries like gold, aluminum, and energy • Inflation is likely to remain elevated between 3-4% over the next 10 years due to factors like government stimulus and supply chain issues • Assets like nickel, copper, oil, and gas could benefit from sustained higher inflation over the long run • The shift from growth stocks to hard assets and commodities could be a multi-trillion dollar migration of capital • Larry McDonald is among the most bearish voices on Wall Street, repeatedly predicting stock market crashes of 30% or more