Big Investors Fear Deflation

Tuesday, August 3, 2010
By Paul Martin

Bill Gross Among Those Bracing for Possible Decline in Prices: ‘It’s Happening’

By GREGORY ZUCKERMAN
WSJ.com

Some of the world’s leading investors are becoming more worried about deflation and are re-shaping their portfolios to prepare for a possible period of falling prices.

Bond-fund heavyweight Bill Gross, investment manager Jeremy Grantham and hedge-fund managers David Tepper and Alan Fournier are among the best-known investors who are bracing for a possible bout of deflation, a development that could cripple global economies and world stock markets.

Journal Community
..The investors cite weak economic figures and a mounting consensus that global policy makers are reluctant, or unable, to take further steps to boost economic growth as reasons for their market positions.

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