“Energy is up 100% at the pump, that I can tell you for a fact,” says market expert Todd “Bubba” Horwitz, the founder of http://bubbatrading.com. The rising concerns of inflation, Horwitz tells our Daniela Cambone, are not eased by the reappointment of Chairmen Powell because he will be, “forced to hike rates.”
On the global scale, he argues that, “China and India are not going to stop burning coal,” until they find a cheaper energy source. The U.S. remains under pressure because of tragic political errors made, giving total control to OPEC, Horwitz argues. “The economy is in trouble, the country [U.S.] is in trouble, and that’s where we stand as it sits today,” he concludes.
#federalreserve #investing #China
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