Inflation, Will We Hardly Know Ye? // Bitcoin Struggling During Inflation // Jobless Claims Rise - 7/22 (Hour 1)

(0:44) - As inflation continues to be prevalent across the country, President Biden has insisted that it is only short-term and will not get out of control. At what point does inflation become "out of control", and what signs could we see of this before it were to happen?(12:40) - The Federal Reserve continues to debate amongst themselves whether or not to taper their bond purchase programs and/or raise interest rates. However, with the Delta variant spreading, they may continue to delay any major decisions.(29:23) - Bitcoin's sell-off has steepened as of late, with many investors questioning if the cryptocurrency can thrive at all while there's inflation in the economy. (35:02) - Weekly jobless claims came in at 419K vs. expectations of 350K just one week after setting a new pandemic low of 360K. The guys discuss whether or not this is concerning or if it's simply an outlier, as well as what we'll see with these numbers once unemployment benefits expire.