Hedge Fund Manager Kyle Bass Estimates U.S. Inflation at 12%

Appearing Tuesday on CNBC’s Squawk Box, hedge fund manager Kyle Bass estimated that the United States’ inflation rate is approximately 12 percent.
"We have 34% more money in the US system than we did 14 months ago. Of course we're going to have inflation and it's going to be significant. Investors and savers and retirees need to think about how to maintain the purchasing power of their capital."