Clocktower's Papic: High inflation 'is going to destroy tech'

Marko Papic, chief strategist at the Clocktower Group, says that while inflation in the range of 3 to 6 percent "will not kill" consumers, it will kill the technology sector because any unprofitable tech companies can't keep borrowing at super low rates to keep the business rolling while they get to profitability. He believes other markets besides the United States are better positioned to support their technology businesses moving forward, which is part of a trend that will see investors want to own China and Japan and Europe during times while inflation remains high. Also on the show, Nathan Furr, author of "The Upside of Uncertainty: A Guide to Finding Possibility in the Unknown," discusses how consumers and savers can lean into the uncertainty of current times and markets to find a path to something better and more interesting, Christian Mitchell of Northwestern Mutual discusses the latest release from the firm's 2022 Planning and Progress Study, which showed how planning significantly improved investor satisfaction and confidence during the current downturn, and Chuck answers a listener's question about I-bonds.