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The oil refinery fire in California sent gas prices through the roof. The good news is that analysts don’t think we will see $4 per gallon at the pump. However, if you mix together the high gas prices, a crippling drought driving up food prices, and the crummy economy you have a recipe for what is called stagflation. Ed Butowsky, wealth manager, financial advisor, and managing partner of Chapwood Investment Management, joins Fox News to help viewers understand what is stagflation and how it affects the economy.
Ed Butowsky is the managing partner of Chapwood Investment Management and is an internationally recognized expert in the investment wealth management industry. Ed is also a frequent guest on other networks such as CNN, NBC, ABC, Fox News, Fox Business, and Bloomberg to name a few.
Tags: economy, gas prices, investment, money, money manager, stagflation, wealth manager