Summarized by Dodly:
Test Mode: You've got this big inflation shock that's coming
Audio Summary
Summary
You've got this big inflation shock that's coming at us. The probability of runaway inflation in September, October is pretty high. Inflation above 10% in the United States would be pretty crazy. And the probability that's gone from like 1 or two or 0% to maybe 20 25%. And then in terms of inflation being in that 4 to 7 bucket, the probability I think is about 80%. >> So you believe what we're seeing right now is a short-lived relief rally. I think you get about a 20% 25 30% draw down between now and say September. >> That's a pretty big statement, Larry. I love it when someone gives a forecast and has the government to give a forecast and a timeline. >> The players in Washington, they cannot be honest with us. They're almost like the pilot on the plane with an engine that's on fire. They're going to say, "Ladies and gentlemen, stay in your seats. Everything's fine." They want the fannies and seats. The only way you get out of a $39 trillion debt hole with interest that's now going to be above a trillion dollars with now spiking inflation, the only way you get...