12% inflation in 2023? 'Stagflation' to last till 2024 as Fed runs out of firepower - Wilkerson

Michael Wilkerson, Founder of Stormwall Advisors and Author of "Why America Matters: The Case for a New Exceptionalism," predicts that despite the current downtrend, the U.S. CPI inflation could reach a high of 8 to 12 percent later this year, leading to the dreaded 'stagflation.' In an interview with Michelle Makori, Editor-in-Chief and Lead Anchor at Kitco News, Wilkerson explains the reasons behind his predictions and shares insights on his investment strategy in the face of these risks.

Follow Michelle Makori on Twitter: @MichelleMakori (https://twitter.com/MichelleMakori)
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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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