Citadel founder and CEO Kenneth C Griffin has warned that Wall Street’s record-breaking run is being fuelled by policies designed for a downturn rather than a booming economy. The mix of fiscal and monetary support has created a “sugar high” that hides deeper risks such as sticky inflation and a weakening dollar, he said. “We’re definitely on a bit of a sugar high in the US economy right now,” he said in an interaction with Bloomberg on the sidelines of a Citadel Securities conference on Monday, warning that the picture “isn’t as solid as it looks,” foreign media reported.

Even as US equities touch new highs, Griffin reportedly pointed to gold’s dramatic rise--up more than 50 per cent this year--as a signal that investors are hedging against sovereign risk. Gold futures crossed $4,000 an

See Full Page