The CPI has been coming in lower and lower month-on-month as the Fed has embarked on an aggressive rate hike campaign over the last one-and-a-half years. These lower CPI prints have been driven predominantly by a significant decline in energy prices. With the SPR being completely drained and things about to turn over in the Permian basin, Luke Gromen is not convinced that lower energy prices are going to be a luxury for much longer. We discuss this, why the banks are in trouble, how the US can leap frog BRICS countries by embracing bitcoin and much more in this episode.
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