Scott Galloway

A lot of people said that I had Trump derangement syndrome for saying that.

Well, now we're at 4.2%.

And I think it's, I'm pretty confident that that prediction is going to come true.

I will now update that prediction, given what we're seeing today.

I think we will hit probably at least 5% inflation, but more importantly, I think we'll remain there

for at least six months.

I think that this is gonna be extremely drawn out, extremely problematic.

There are then all the other implications that come as a result of that.

For example, rate hikes.

I think rate hikes are inevitable.

Markets seem to think it's a coin flip.

I don't see any world in which you don't raise rates at this point, especially with the unemployment data, which came in better than expected, which means that the Fed has one target now, which is inflation, and two, landslide victory for the Democrats at the midterms.

I just think...

This price thing is such a problem for so many Americans.

They're so angry about it.

They were already so angry about it.

And I think that they understand that there is one person that is responsible for all of it.

As you said, self-inflicted injuries.

And that one person is Donald Trump.

And that's going to be their message, their moment to send that message to Trump, to send that message to the Republican Party.