Citadel head Griffin on a new era of deglobalization, predicts decades of higher inflation

<p>Ken Griffin, head of hedge-fund manager Citadel, said higher baseline inflation may go on for decades, citing structural changes that are pushing the world toward de-globalization.</p><ul><li>there are multiple trends "that are pushing us toward de-globalization" </li><li>Griffin referred to an end to the "peace dividend"</li><li>"We are likely to see higher real rates and we're likely to see higher nominal rates."</li></ul><p>Griffin was speaking at a Bloomberg forum in Singapore on Thursday. More:</p><ul><li>higher inflation will increase the cost of funding the US deficit (higher interest rates are something the government hadn't planned on)</li><li>US is "spending on the government level like a drunken sailor", current fiscal situation is unsustainable</li></ul>

This article was written by Eamonn Sheridan at www.forexlive.com.