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Rebel Capitalist News

News: New Data From Mastercard Predicts Inflation Rate For 2023

Rebel Capitalist News

George Gammon

Business, Investing

4.71.1K Ratings

🗓️ 13 December 2022

⏱️ 12 minutes

🧾️ Download transcript

Summary

The Rebel Capitalist helps YOU learn more about Macro, Investing, Entrepreneurship AND Personal Freedom.

Transcript

Click on a timestamp to play from that location

0:00.0

Hello fellow Rebel capitalists hope you're well. So we've got some new data from MasterCard. You would think they kind of have some insights into what is happening with the economy, especially with the consumer.

0:12.9

And one of their lead economists came out

0:15.6

and gave a prediction on what he thinks we will see

0:19.2

in terms of inflation throughout 2023 based on these insights that might be exclusive to MasterCard or

0:28.6

maybe Visa, American Express, something like that.

0:31.1

So let's dive into this story from

0:33.4

CNBC title inflation has peaked according to the MasterCard

0:38.5

economist based on this insider information but it's not returning to pre-COVID levels in 2023.

0:45.0

MasterCard says inflation has already peaked, but it will remain above the pre-Servaisance

0:50.8

level, so above 2%, basically the Fed's target.

0:53.2

Inflation has seen its peak this year but it will still be above what we had been

0:59.3

used to prior to the surveys of sickness.

1:02.6

And this is what man, who is their,

1:04.7

David Mann, who is their main economist

1:06.8

or Asia, Pacific, Middle East, and Africa.

1:10.4

This is what he told Squawk Box Asia.

1:12.8

Now, before you say, oh, George, this is nonsense,

1:16.7

or you say, oh, George, yes, I believe this.

1:19.6

Wait until you hear some of the other things

1:22.1

that the guy says that might make you slightly

1:26.0

discount his initial view going further down the article and here's where I start to get

1:32.1

suspicious we do expect that we go back down in the

...

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