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 ProBest trades on CNBC Wednesday: Find bargains among megacap tech stocks
CNBC ProJim Chanos debuts new short bets against data centers, sending shares down
CNBC ProThere’s another crypto 'washout' coming before investors should buy, Fundstrat says