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.
“I’m predicting a return to the 1970s inflationary environment, perhaps even stagflation for a while,” Skousen said.
For more information on inflation expectations by age groups, watch the video above. Follow David Lin on Twitter: @davidlin_TV (https://twitter.com/davidlin_TV).