The economy is returning to a 1970s era of higher inflation, potentially reaching double digits, said Mark Skousen, editor-in-chief of Forecasts & Strategies. Speaking to David Lin, anchor for Kitco News, Skousen’s comments come as CPI data released Tuesday showed 5.4% annual inflation in June. 0:00 – Headline CPI 2:00 – Used cars and trucks 3:20 – ‘Black Swan’ events 7:17 – Real wages 9:35 – Inflation expectations vs age 10:40 – Tech stocks vs inflation 13:58 – Freedom Fest __________________________________________________________________ Kitco News is the world’s #1 source of metals market information. Our videos feature interviews with prominent industry figures to bring you market-affecting insights, with the goal of helping people make informed investment decisions. Subscribe to our channel to stay up to date on the latest insights moving the metals markets. For more breaking news, visit Follow us on social media: Facebook - Twitter - StockTwits - Live gold price and charts: Live silver price and charts: Don’t forget to sign up for Kitco News’ Weekly Roundup – comes out every Friday to recap the hottest stories & videos of the week: Join the conversation @ The Kitco Forums and be part of the premier online community for precious metals investors: Disclaimer: Videos are not trading advice and the views expressed may not reflect those of Kitco Metals Inc....(read more)
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