The Inflation Genie Is Out of the Bottle

In this episode, Peter reacts to a hotter-than-expected CPI report, big trades in Bitcoin, and the federal bill that would ban the popular social media app TikTok. He also notes silver’s historically low price, which is nearly 50% of its 2011 high.

Prior to this week’s CPI numbers, the market was under the impression that inflation was coming down. Even if this were true, rate cuts are still a bad idea:

“The conventional wisdom is that the Fed has won the inflation war. That its rate hikes have ...