With a stagnating economy and inflation on the uptick, it looks like we're going to see a repeat of the 1970s. Even the Fed is acknowledging inflation is higher than what they expected. "We don't have people working now," notes seasoned trader Todd "Bubba" Horwitz, "and you've got this ridiculous stimulus out there." He says, "We're one step away from the Jimmy Carter era stagflation."
0:00 Intro1:25 Inflation & the markets4:02 Ponzi scheme5:12 Debt ceiling6:39 Confiscation of wealth8:29 Protect against inflation11:52 Physical metal vs trading13:46 Depressed sentiment
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.