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The rising cost of living price will certainly reach 6% to 9% by year-end, said Steve Hanke, teacher of Applied Economics at Johns Hopkins University.
Talking With David Lin, support for Kitco Information, Hanke claimed that in a reduced growth environment, this stands for the "worst of all possible globes."
0:00 – Phillips Contour
4:00 – 6-9% rising cost of living by year-end
4:50 – What is causing rising cost of living?
6:42 – Labor market and also earnings
9:08 – Impacts of stagflation
10:20 – Approach for measuring CPI
16:10 – Gold view
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Record inflation levels are coming with no growth, 'the worst of all worlds' - Steve Hanke
The inflation rate will reach 6% to 9% by year-end, said Steve Hanke, professor of Applied Economics at Johns Hopkins University.
Speaking with David Lin, anchor for Kitco News, Hanke said that in a low growth environment, this represents the "worst of all possible worlds."
0:00 - Phillips Curve
4:00 - 6-9% inflation by year-end
4:50 - What is causing inflation?
6:42 - Labor market and wages
9:08 - Effects of stagflation
10:20 - Methodology for measuring CPI
16:10 - Gold sentiment
__________________________________________________________________
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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StockTwits - https://stocktwits.com/kitconews
Live gold price and charts: http://www.kitco.com/gold-price-today-usa/
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Join the conversation @ The Kitco Forums and be part of the premier online community for precious metals investors: https://gold-forum.kitco.com/
Disclaimer: Videos are not trading advice and the views expressed may not reflect those of Kitco Metals Inc.
