Part 2/13:
The conversation opens with concern over inflation, which both participants agree is a significant issue. They note that the US Consumer Price Index (CPI) has been reported at around 5.4%, but many believe the real rate could be much higher—possibly 15-18%. Energy prices, in particular, have surged by 25% in the UK, with wholesale gas prices skyrocketing at 250%, forcing companies out of business and prompting government intervention.