Episode
Double-Digit Inflation Risk Surges… 30% Market Drop by September | Larry McDonald & Michelle Makori
- Published
- Apr 24, 2026
- Duration seconds
- 3719
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Summary
Michelle Makori, President & Editor-in-Chief, Miles Franklin Media, sits down with Larry McDonald, Founder of The Bear Traps Report and New York Times bestselling author. McDonald warns that a major inflation shock may be building beneath the surface, driven by prolonged disruptions in global energy flows, massive fiscal spending, and structural imbalances in the system. He outlines why the probability of inflation surging back to 4-7% is rising and why there is now a meaningful risk of double-digit inflation in the U.S. McDonald also breaks down why markets may be dangerously complacent, calling for a potential 20-30% drawdown in equities by September. He explains how the Federal Reserve is increasingly constrained by a $39 trillion debt burden, why financial repression may be the only path forward, and what that means for investors. Beyond inflation and the Fed, McDonald highlights another major risk that markets may not be pricing in – rising tensions with China, including concerns over intellectual property and the global AI race, which could have significant implications for Big Tech and the broader market. In this episode of The Real Story with Michelle Makori: - Why the risk of runaway inflation is rising - The growing probability of double-digit inflation in the U.S. - Why markets may be driven by positioning, not fundamentals - A potential 20-30% market drawdown by September - The Fed’s dilemma and the impact of $39 trillion in U.S. debt - What “financial repression” means for your portfolio - The China risk markets may be underestimating - Why Big Tech and AI investments could face new pressure - The case for hard assets, commodities, and gold ___________________ Miles Franklin: 📞 Call us: 1-952-929-7006 📧 Email us: [email protected] 🔗 Website: https…