Fear Now Is Stagflation Which Would Lead to a Depression, Warns Bubba Horwitz
Stansberry Research, Released on 7/18/22
Real inflation figures are, "somewhere near [the 20% range], not 9.1%," exclaims market expert Todd "Bubba" Horwitz, the founder of bubbatrading.com. "I don't think we will stop seeing rate hikes until the end of the year, [inflation] is not going to go away," he tells our Daniela Cambone. The Fed's rate hike plan will unleash stagflation, which could "take us into a depression," he warns. The Eurozone is deep in a recession already, and is in "dramatic trouble," Horwitz continues. "There is some real selling pressure going on," for precious metals sending them to lower levels, he concludes.
00:00 The Fed's rate hike plan03:18 Why have the Fed's counter-inflationary measures not worked?04:21 What will happen if the Fed hikes rates by 1%?5:12 Who loses as the U.S. dollar continues to get stronger?6:33 Biden's economic approval rating falling7:43 The outlook for precious metals9:01 Bubba's crypto outlook
Todd Horwitz - known as Bubba - is chief market strategist of BubbaTrading.com. He is a regular contributor on Fox, CNBC, BNN, Kitco, and Bloomberg. He also hosts his daily podcast 'The Bubba Show.' He is a 36-year member of the Chicago exchanges and was one of the original market makers in the SPX.
Fear Now Is Stagflation Which Would Lead to a Depression, Warns Bubba Horwitz added by Herman James on 07/16/2022View all posts by Herman James ?+'