New Inflation Data, Where Markets are Headed? & Sen. Warren on Antitrust
In this episode, Shamus Madan engages with Senator Elizabeth Warren on inflation, its causes, and its impact. They delve into the government's role in inflation, antitrust laws in the grocery industry, and strategies to combat inflation. The conversation also captures a spirited debate on Warren's stance on antitrust laws.
Key Points
- The latest CPI data indicates a 7% inflation rate, the highest since 1982, suggesting inflation will persist, and individuals should consider asking for salary raises and investing in assets like stocks or real estate to combat the devaluation of cash savings.
- Antitrust laws applied to grocery chains, as suggested by Elizabeth Warren, are debated due to the industry's already competitive nature with slim profit margins, despite increased profits for some during the pandemic.
- The Federal Reserve's strategy of pumping over $6.8 trillion into the economy to prevent a recession has led to significant inflation, affecting consumer prices and leading to a decrease in the dollar's value.
Hey everybody, welcome to the MBIT podcast in which we discuss personal finance, tech, and entrepreneurship. Today we whipped up a slightly different episode for the audience where we will analyze the new inflation data, how it affects the markets, and Senator Warren on enforcing antitrust for grocery stores.
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Disclaimer: The podcast is not investment or financial advice
Chapters
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Transcript
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