Are you long torches and pitchforks? Maybe you should be.
In his Hedgeye Investing Summit appearance this week, Jim Bianco explained a recent survey showing, "44% of the American public cannot come up with $1,000 in an emergency. They live paycheck to paycheck, and they rent.” CLICK HERE to watch the full interview.
If inflation starts rising again, the Fed might be igniting a powder keg. “It's very important that if [the Fed] cuts rates, it better not spur more inflation,” Jim says.
“[The American public] will absolutely filet that organization if they produce higher inflation. This has the chance of going crazy.”
Hopefully, the Fed doesn’t screw this up. Watch the entire Hedgeye Investing Summit discussion between Jim and Keith here.
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