Markets tanked this week; 'We're headed for a real disaster' - Todd Horwitz
Nominal yields rise on inflation fears, but beneath the hopes of an improving economy are deep, structural problems that will not recover anytime soon, said Todd Horwitz of BubbaTrading.com.
Horwitz noted that most of the small businesses that were locked down will not be returning to business.
“What we’re really to is we’re headed towards stagflation, with inflation, because we’re not creating jobs, we’re not growing, the new Administration has already given away the keys to everything by letting OPEC back in and taking a share of our oil producers, by going back in with China. Everything [the government] has done is detrimental to what we do and you throw in the Federal Reserve or central bank around the world, they continue to print dollars, hoping that they can print their way out of debt, but it does not create growth, it does not create jobs,” Horwitz said.