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June 15, 2021
Hedge Fund Manager Kyle Bass Estimates U.S. Inflation at 12%
by Joshua Caplan
Breitbart.com
Appearing Tuesday on CNBC’s Squawk Box, hedge fund manager Kyle Bass estimated that the United States’ inflation rate is approximately 12 percent.
A transcript is as follows:
REBECCA QUICK: As someone who is looking to invest in the market, what do these higher numbers mean? What does that mean for the Fed?
KYLE BASS: When you look at the inflation numbers, these are chain-weighted inflation numbers. These are numbers that are designed to be artificially be low. If you look at a non-chain-weighted index of inflation, we think it’s running about 12 percent, and with short term interest rates still at zero, that means people who have money in the bank, in their savings, are losing 5 to 12 percent of their purchasing power annually. We have 34 percent more money in the US system than we did 14 months ago. Of course we’re going to have inflation and it’s going to be significant.
“Investors and savers and retirees need to think about how to maintain the purchasing power of their capital,” Bass concluded.
http://www.breitbart.com/economy/2021/06/15/hedge-fund-manager-kyle-bass-estimates-us-inflation-12/
Gold is $1,581/oz today. When it hits $2,000, it will be up 26.5%. Let's see how long that takes. - De 3/11/2013 - ANSWER: 7 Years, 5 Months |
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