CNBC Pro

David Einhorn predicts inflation will cause a recession, adds new positions

David Einhorn
Andrew Harrer | Bloomberg | Getty Images

Greenlight Capital's David Einhorn said persistently high inflation is eventually going to tip the U.S. economy into another recession, regardless of what the Federal Reserve will do to combat surging prices.

The star hedge fund manager revealed Wednesday in an investor letter that his firm has already started hedging against this scenario.

More In Follow the Pros

CNBC ProThe sell-off has entered ‘a new phase,’ Allianz's El-Erian says. How investors can deal with it
CNBC ProArt Cashin of UBS says stocks are now at risk of even deeper sell-off
CNBC ProJeremy Grantham says today's bubble is worse than 2000, calls stocks to at least double their losses