Top investment strategist David Roche says inflation is here to stay. here’s why

Top investment strategist David Roche says inflation is here to stay.  here’s why


Gas prices are seen after the US consumer price spike in April, with a measure of core inflation exceeding the Federal Reserve’s 2% target in Beverly Hills, Calif., On June 2, 2021.

Lucy Nicholson | Reuters

Higher inflation is here to stay, according to seasoned investment strategist David Roche, who described the consider the higher prices to be temporary as “most unlikely”.

Talk to CNBC Pro Conferences On Wednesday, Roche – who correctly predicted the demise of the Soviet bloc, the fall of the Berlin Wall and the 2008 global financial crisis – disagreed with economists who believe the current peak in inflation is transient.

It comes as markets anxiously await Thursday’s U.S. Consumer Price Index for May to assess the extent and longevity of the spike in inflation, and the likelihood that the U.S. Federal Reserve will need to enter into talks. on reducing its monetary stimulus program.

Here’s why Roche, president and global strategist at Independent Strategy, thinks higher inflation is a longer term phenomenon.

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