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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