{"id":1074328,"date":"2021-12-01T20:29:20","date_gmt":"2021-12-02T01:29:20","guid":{"rendered":"https:\/\/www.conservativenewsdaily.net\/breaking-news\/?p=1074328"},"modified":"2021-12-01T20:29:23","modified_gmt":"2021-12-02T01:29:23","slug":"real-estate-investor-suggests-higher-inflation-may-last-for-the-next-decade","status":"publish","type":"post","link":"https:\/\/www.conservativenewsdaily.net\/breaking-news\/real-estate-investor-suggests-higher-inflation-may-last-for-the-next-decade\/","title":{"rendered":"Real Estate Investor Suggests Higher Inflation May Last \u2018For The Next Decade\u2019"},"content":{"rendered":"<aside class=\"mashsb-container mashsb-main mashsb-stretched\"><div class=\"mashsb-box\"><div class=\"mashsb-count mash-medium\" style=\"&quot;\"><div class=\"counts mashsbcount\">24<\/div><span class=\"mashsb-sharetext\">SHARES<\/span><\/div><div class=\"mashsb-buttons\"><a class=\"mashicon-facebook mash-medium mash-nomargin mashsb-noshadow\" href=\"https:\/\/www.facebook.com\/sharer.php?u=https%3A%2F%2Fwww.conservativenewsdaily.net%2Fbreaking-news%2Freal-estate-investor-suggests-higher-inflation-may-last-for-the-next-decade%2F\" target=\"_top\" rel=\"nofollow\"><span class=\"icon\"><\/span><span class=\"text\">Facebook<\/span><\/a><a class=\"mashicon-twitter mash-medium mash-nomargin mashsb-noshadow\" href=\"https:\/\/twitter.com\/intent\/tweet?text=&amp;url=https:\/\/www.conservativenewsdaily.net\/breaking-news\/?p=1074328&amp;via=ConservNewsDly\" target=\"_top\" rel=\"nofollow\"><span class=\"icon\"><\/span><span class=\"text\">Twitter<\/span><\/a><a class=\"mashicon-subscribe mash-medium mash-nomargin mashsb-noshadow\" href=\"#\" target=\"_top\" rel=\"nofollow\"><span class=\"icon\"><\/span><span class=\"text\">Subscribe<\/span><\/a><div class=\"onoffswitch2 mash-medium mashsb-noshadow\" style=\"display:none\"><\/div><\/div>\n            <\/div>\n                <div style=\"clear:both\"><\/div><\/aside>\n            <!-- Share buttons by mashshare.net - Version: 4.0.47--><p>A top real estate investor predicted that higher inflation may linger for the next decade.<\/p>\n<p>Christopher Merrill \u2014 the chief executive of Harrison Street, a real estate investment firm with $39 billion in assets under management \u2014 told CNBC\u2019s <a href=\"https:\/\/www.cnbc.com\/2021\/12\/01\/harrison-street-ceo-christopher-merrill-says-inflation-could-last-for-the-next-decade.html\">Leslie Picker<\/a> that higher-than-usual price levels are evident in the marketplace.<\/p>\n<p>\u201cWhat about this current macroeconomic environment that feels so uncertain right now? Do you think inflation is here to stay?\u201d Picker asked. \u201cAnd how does that impact your portfolio?\u201d<\/p>\n<p>\u201cI think for one, the certain levels that we\u2019re seeing today, I would assume that there will be, as we see improvements in supply chain, I think we\u2019ll see some of those numbers come off a little bit,\u201d Merrill answered. \u201cBut yeah, I think it\u2019s prudent in the way that we\u2019re thinking about the businesses that one should expect some level of now inflation in their portfolio going forward.\u201d<\/p>\n<p>Later in the interview, Merrill pointed to President Biden\u2019s domestic agenda as a significant force behind higher prices.<\/p>\n<p>\u201cAnd I guess the new Build Back Better plan they\u2019re talking about really has a focus on renewable energy and again, that will, I think, bring more focus on our clean energy portfolio as well,\u201d he said. \u201cBut I guess the real big picture is, going back to the question about inflation, is with all this spending of money, what are your views on inflation? And that\u2019s why we think there is going to be some inflation for the near future because of this stimulus and a lot of capital that is coming into the system.\u201d<\/p>\n<p>Picker asked Merrill to predict how long the abnormal inflationary pressures would last.<\/p>\n<p>\u201cI\u2019ve heard some people say that, within 12 months, there won\u2019t be talk of inflation,\u201d he explained. \u201cI think it\u2019s prudent to, as you\u2019re doing your portfolio allocation, you\u2019re thinking about investing, to assume that there is going to be some level of inflation in the near term, and really, for the next decade, because of how much money we\u2019re printing right now in the system.\u201d<\/p>\n<p>Other fund managers have been noticing the effects of high inflation upon the economy. Bill Ackman \u2014 who leads the firm Pershing Square Capital Management \u2014 recently <a href=\"https:\/\/www.dailywire.com\/news\/top-hedge-fund-ceo-calls-for-fed-to-hit-brakes-on-inflation\">advised<\/a> the Federal Reserve Bank of New York that \u201cthe Fed should taper immediately and begin raising rates as soon as possible.\u201d<\/p>\n<p>\u201cWe are continuing to dance while the music is playing, and it is time to turn down the music and settle down,\u201d he argued. \u201cAs we have previously disclosed, we have put our money where our mouth is in hedging our exposure to an upward move in rates, as we believe that a rise in rates could negatively impact our long-only equity portfolio.\u201d<\/p>\n<p>The Personal Consumption Expenditures Price Index \u2014 the Fed\u2019s preferred inflation metric \u2014 has <a href=\"https:\/\/www.dailywire.com\/news\/the-feds-favorite-inflation-measure-hits-three-decade-high\">reached<\/a> its highest level since 1991. Though the central bank was poised to hike interest rates in the near future, the Omicron variant of the coronavirus could delay the move.<\/p>\n<p>Indeed, Fed Chair Jerome Powell <a href=\"https:\/\/www.dailywire.com\/news\/in-remarks-to-congress-powell-says-omicron-complicates-inflation-forecasts\">told<\/a> Congress earlier this week that the variant will cause uncertainty about economic growth and inflation in the coming months.<\/p>\n<p>\u201cThe recent rise in COVID-19 cases and the emergence of the Omicron variant pose downside risks to employment and economic activity and increased uncertainty for inflation,\u201d he said. \u201cGreater concerns about the virus could reduce people\u2019s willingness to work in person, which would slow progress in the labor market and intensify supply-chain disruptions.\u201d<\/p>\n<p>Last month \u2014 after more than eighteen months of monetary stimulus following COVID-19 and the lockdown-induced recession \u2014 the Fed <a href=\"https:\/\/www.dailywire.com\/news\/as-high-inflation-persists-federal-reserve-unveils-first-official-plan-to-roll-back-stimulus&#039;\">revealed<\/a> plans to taper its $120 billion of monthly bond purchases by $15 billion in both November and December.<\/p>\n<p>The Daily Wire is one of America\u2019s fastest-growing conservative media companies and counter-cultural outlets for news, opinion, and entertainment. Get inside access to The Daily Wire by becoming a <a href=\"https:\/\/www.dailywire.com\/subscribe\">member<\/a>.<\/p>\n","protected":false},"excerpt":{"rendered":"<p>A top real estate investor predicted that higher inflation may linger for the next decade.Christopher Merrill \u2014 the chief executive of Harrison Street, a real estate investment firm with $39 billion in assets under management \u2014 told CNBC\u2019s Leslie Picker that higher-than-usual price levels are evident in the marketplace.\u201cWhat about this current macroeconomic environment that feels so uncertain right now? Do you think inflation is here to stay?\u201d Picker asked. \u201cAnd how does that impact your portfolio?\u201d\u201cI think for one, the certain levels that we\u2019re seeing today, I would assume that there will be, as we see improvements in supply chain, I think we\u2019ll see some of those numbers come off a little bit,\u201d Merrill answered. \u201cBut yeah, I think it\u2019s prudent in the way that we\u2019re thinking about the businesses that one should expect some level of now inflation in their portfolio going forward.\u201dLater in the interview, Merrill pointed to President Biden\u2019s domestic agenda as a significant force behind higher prices.\u201cAnd I guess the new Build Back Better plan they\u2019re talking about really has a focus on renewable energy and again, that will, I think, bring more focus on our clean energy portfolio as well,\u201d he said. \u201cBut I guess the real big picture is, going back to the question about inflation, is with all this spending of money, what are your views on inflation? And that\u2019s why we think there is going to be some inflation for the near future because of this stimulus and a lot of capital that is coming into the system.\u201dPicker asked Merrill to predict how long the abnormal inflationary pressures would last.\u201cI\u2019ve heard some people say that, within 12 months, there won\u2019t be talk of inflation,\u201d he explained. \u201cI think it\u2019s prudent to, as you\u2019re doing your portfolio allocation, you\u2019re thinking about investing, to assume that there is going to be some level of inflation in the near term, and really, for the next decade, because of how much money we\u2019re printing right now in the system.\u201dOther fund managers have been noticing the effects of high inflation upon the economy. Bill Ackman \u2014 who leads the firm Pershing Square Capital Management \u2014 recently advised the Federal Reserve Bank of New York that \u201cthe Fed should taper immediately and begin raising rates as soon as possible.\u201d\u201cWe are continuing to dance while the music is playing, and it is time to turn down the music and settle down,\u201d he argued. \u201cAs we have previously disclosed, we have put our money where our mouth is in hedging our exposure to an upward move in rates, as we believe that a rise in rates could negatively impact our long-only equity portfolio.\u201dThe Personal Consumption Expenditures Price Index \u2014 the Fed\u2019s preferred inflation metric \u2014 has reached its highest level since 1991. Though the central bank was poised to hike interest rates in the near future, the Omicron variant of the coronavirus could delay the move.Indeed, Fed Chair Jerome Powell told Congress earlier this week that the variant will cause uncertainty about economic growth and inflation in the coming months.\u201cThe recent rise in COVID-19 cases and the emergence of the Omicron variant pose downside risks to employment and economic activity and increased uncertainty for inflation,\u201d he said. \u201cGreater concerns about the virus could reduce people\u2019s willingness to work in person, which would slow progress in the labor market and intensify supply-chain disruptions.\u201dLast month \u2014 after more than eighteen months of monetary stimulus following COVID-19 and the lockdown-induced recession \u2014 the Fed revealed plans to taper its $120 billion of monthly bond purchases by $15 billion in both November and December.The Daily Wire is one of America\u2019s fastest-growing conservative media companies and counter-cultural outlets for news, opinion, and entertainment. Get inside access to The Daily Wire by becoming a member.<\/p>\n","protected":false},"author":99,"featured_media":2315279,"comment_status":"open","ping_status":"open","sticky":false,"template":"","format":"standard","meta":{"_mo_disable_npp":"","fifu_image_url":"","fifu_image_alt":"","footnotes":""},"categories":[],"tags":[],"class_list":["post-1074328","post","type-post","status-publish","format-standard","has-post-thumbnail","hentry"],"_links":{"self":[{"href":"https:\/\/www.conservativenewsdaily.net\/breaking-news\/wp-json\/wp\/v2\/posts\/1074328","targetHints":{"allow":["GET"]}}],"collection":[{"href":"https:\/\/www.conservativenewsdaily.net\/breaking-news\/wp-json\/wp\/v2\/posts"}],"about":[{"href":"https:\/\/www.conservativenewsdaily.net\/breaking-news\/wp-json\/wp\/v2\/types\/post"}],"author":[{"embeddable":true,"href":"https:\/\/www.conservativenewsdaily.net\/breaking-news\/wp-json\/wp\/v2\/users\/99"}],"replies":[{"embeddable":true,"href":"https:\/\/www.conservativenewsdaily.net\/breaking-news\/wp-json\/wp\/v2\/comments?post=1074328"}],"version-history":[{"count":0,"href":"https:\/\/www.conservativenewsdaily.net\/breaking-news\/wp-json\/wp\/v2\/posts\/1074328\/revisions"}],"wp:featuredmedia":[{"embeddable":true,"href":"https:\/\/www.conservativenewsdaily.net\/breaking-news\/wp-json\/wp\/v2\/media\/2315279"}],"wp:attachment":[{"href":"https:\/\/www.conservativenewsdaily.net\/breaking-news\/wp-json\/wp\/v2\/media?parent=1074328"}],"wp:term":[{"taxonomy":"category","embeddable":true,"href":"https:\/\/www.conservativenewsdaily.net\/breaking-news\/wp-json\/wp\/v2\/categories?post=1074328"},{"taxonomy":"post_tag","embeddable":true,"href":"https:\/\/www.conservativenewsdaily.net\/breaking-news\/wp-json\/wp\/v2\/tags?post=1074328"}],"curies":[{"name":"wp","href":"https:\/\/api.w.org\/{rel}","templated":true}]}}