Kenny Polcari, Managing Partner at Kace Capital Advisors, shares his expert insights on the economic outlook for 2023. He delves into the implications of rising interest rates and discusses the Fed's strategies for stability. Polcari highlights the growing concerns around household debt, particularly credit cards, and the potential impact on consumer spending. He also touches on the earnings season, emphasizing key performance indicators for various industries. Additionally, he debates the proposal to eliminate the IRS in favor of a flat tax, exploring its possible effects on the economy.