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.
0:33 - Headline CPI2:00 - Used cars and trucks3:20 - 'Black Swan' events7:17 - Real wages9:35 - Inflation expectations vs age10:40 - Tech stocks vs inflation13:58 - Freedom Fest