4% inflation is the new normal; Stocks to crash another 20% – Adrian Day

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Kitco News, Released on 6/14/22

Inflation won’t return to 2% ‘for the foreseeable future,’ says Adrian Day. He discusses the threat of stagflation, and what investors can do to protect themselves. Day, Chairman and CEO of Adrian Day Asset Management, spoke with Michelle Makori, Editor-in-Chief and Lead Anchor at Kitco News, at the PDAC 2022 Convention.

0:00 – Fed and inflation
8:56 – A coming recession
11:35 – Cause of inflation
13:40 – Fed credibility
19:26 – Best assets to own
26:42 – Stock market predictions
31:40 – Threats to U.S. dollar

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