John Williams of Shadowstats.com returns to the show with dire comments on the domestic economy.
Headline inflation is understated by opaque statistical methods, making national output seem much more robust than reality.
Dollar strength is supported by the perception of economic recovery, but a stealth recession looms.
Once the the public recognizes they’ve been duped and panic ensues, his models indicate that gold and energy investments will ascend to inspirational heights.
John Williams thinks investors should ignore the FOMC; even if officials raise rates in September and again in December, the markets have already discounted the event.
His constructs all foretell of a singular, inevitable outcome – global hyperinflation.