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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