Greenlight Capital Q122 Full Letter: The Fed Now Realizes It Has An Inflation Problem
David Einhorn comments that the Federal Reserve now realizes that it has an inflation problem. Greenlight Capital commentary for the first quarter ended March 31, 2022. Dear Partner: Greenlight Capital’s PerformanceThe Greenlight Capital funds (the “Partnerships”) returned 4.4%1 in the first quarter of 2022, compared to a 4.6% decline for the S&P 500 index. Q1 2022 hedge fund letters, conferences and more To start with a quote for a change, Vladimir Lenin said: “There are decades where nothing happens, and there are weeks where decades happen.” A lot happened this quarter, culminating in an un...