, the Nobel prize-winning economist whose most recent book was dedicated to the topic.
In recent weeks, we asked four financial experts what they think investors are under-appreciating the most these days. Their answers ranged from risks that threaten to derail markets to opportunities that investors haven't caught onto yet. He argues that this is because many investors haven't experienced meaningful inflation in their lifetimes. If inflation goes to a level like 5%, which Cuggino said it could, or runs hot for a few months, markets could go haywire, he said.
He added:"Is it going to be like yelling fire in a movie theatre where all the bond investors struggle to get out the door at the same time because they're holding longer-duration bonds?"
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Why was Trump banned?