Even if the politicians in Washington do manage to raise the debt ceiling, all the red ink and all the money printed by the Federal Reserve to prop up the economy over the past three years make it likely, according to some experts, that inflation could be on the rise and that reality has many investors understandably unnerved.
As Christine Benz, Morningstar's director of personal finance told On Wall Street, “Inflation is very hard to predict. In fact it’s probably not a great use of time to try and figure out when and how much inflation there is going to be. But historically, it happens, so investors should do something give their portfolios a fighting chance.”
Register or login for access to this item and much more
All Financial Planning content is archived after seven days.
Community members receive:
- All recent and archived articles
- Conference offers and updates
- A full menu of enewsletter options
- Web seminars, white papers, ebooks
Already have an account? Log In
Don't have an account? Register for Free Unlimited Access