Kyle Bass is thinking about inflation all wrong, wrong, wrong

In an interview with CNBC, Kyle Bass, founder of hedge fund Hayman Capital, made a blast-from-the-past prediction about 2017.
"You have wages up, you have real estate rent moving up, now you have commodities bouncing. So 2017 is going to be a year of increasing inflation but economic growth lagging," Bass said during an interview on CNBC's "Power Lunch.""We're moving into a stagflationary environment in my view."
What Bass is saying is that the horrific economic conditions of the 1970s — w