Jul 18, 2022
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.
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