Inflation won’t stop at 5%, ‘I’m predicting a return to the 1970s’ says Mark Skousen

The economy is returning to a 1970s era of higher inflation, potentially reaching double digits, said Mark Skousen, editor-in-chief of Forecasts & Strategies. Speaking to David Lin, anchor for Kitco News, Skousen’s comments come as CPI data released Tuesday showed 5.4% annual inflation in June.