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Despite the current downtrend, inflation as measured by U.S. CPI could reach as high as 8 to 12 percent later this year according to Michael Wilkerson, Founder of Stormwall Advisors and Author of “Why America Matters: The Case for a New Exceptionalism,” and this would be accompanied by ‘stagflation.’ Wilkerson joins Michelle Makori, Editor-in-Chief and Lead Anchor at Kitco News, to explain why, and how he is investing in the face of these risks.
Follow Michelle Makori on Twitter: @MichelleMakori (https://twitter.com/MichelleMakori)
Follow Kitco News on Twitter: @KitcoNewsNOW (https://twitter.com/KitcoNewsNOW)
Follow Michael Wilkerson on Twitter: @MW_Stormwall (https://twitter.com/MW_Stormwall)
0:00 – Inflation forecast for 2023
7:36 – Federal Reserve policy
11:44 – Stickiness of prices
14:38 – Global inflation trends
18:08 – Labor markets
21:40 – Consequences for Main Street
23:40 – Bottled water
26:17 – Recession outlook
31:57 – Stock markets
35:11 – Investment implications
40:55 – Gold and silver manipulation
43:24 – The U.S. dollar
45:07 – Mining stocks
45:53 – ESG
48:39 – Ohio train derailment
#inflation #stocks #energy
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