Producer prices rose at their fastest annual clip in nearly 11 years in May as inflation continued to build in the U.S. economy, the Labor Department reported Tuesday. Kyle Bass, founder and chief investment officer of Hayman Capital Management, joined “Squawk Box” on Tuesday to discuss.
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You are also working 40 hours a week for a currency that has been devalued even more over the last year or so. Its not about inflation the currency you bust your ass to earn is worth less. And you wonder why people are walking away from employment.
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