Stansberry Research, Released on 1/11/23
“The Federal Reserve is raising rates into a recession, and America’s food shortage is going to decline not grow,” says Todd “Bubba” Horwitz, founder of bubbatrading.com. “We’re using data as if we were still a manufacturing nation and not a service nation, which we now are… Inflation is much higher, we are somewhere in the 20% range,” he says to Daniela Cambone on this episode of of Powershift: Outlook 2023. “With the inversion of the yield curve, gold is going to make new highs this year,” Horwitz reveals. “The Fed has about another two years of raising rates… They’re not stopping anytime soon,” he says. “There is an entire circumstance here that will lead to a major meltdown coming shortly,” he concludes.
Todd Horwitz — known as Bubba — is chief market strategist of BubbaTrading.com. He is a regular contributor on Fox, CNBC, BNN, Kitco, and Bloomberg. He also hosts his daily podcast ‘The Bubba Show.’ He is a 36-year member of the Chicago exchanges and was one of the original market makers in the SPX.