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The economic situation is going back to a 1970s period of higher rising cost of living, possibly getting to double numbers, claimed Mark Skousen, editor-in-chief of Projections & Methods.
Speaking With David Lin, support for Kitco News, Skousen's remarks come as CPI data launched Tuesday revealed 5.4% annual rising cost of living in June.
0:00– Headline CPI
2:00– Utilized vehicles and vehicles
3:20– 'Black Swan' occasions
7:17– Actual wages
9:35– Rising cost of living assumptions vs age
10:40– Technology supplies vs inflation
13:58– Freedom Feast
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Forget 5% CPI, prepare for double-digit inflation like the 1970s, invest here for protection
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 http://www.kitco.com/
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Disclaimer: Videos are not trading advice and the views expressed may not reflect those of Kitco Metals Inc.
