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
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