Steve Hanke, professor of applied economics at John Hopkins University, says the Fed is looking at lagging indicators, adding that he does not believe that the U.S economy is on track for a “soft landing.”
Steve Hanke expects a recession in the U.S. next year as money supply contracts
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He’s one of those chaps who probably drive the car too from the rearview mirror.
Something has got to give when you raise interest rates at the fastest pace ever. The only thing keeping us out of reccession is stimulas spending from Government, and loans that have been locked in at 3% by corporations. That is all about to end over the next two years.
@J “raise interest rates at the fastest pace ever” it’s not like we got Paul Volkered buddy relax this was not a fast increase of interest rates at all. The market isn’t reacting to increased interest rates. Bears are so desperate lol
@J go look at rising interest rates in 1995. Look at what businesses were paying for debt. Look what earnings and innovation did for the next 5 years.
When the recession is offically announced, it will show we have been in a recession since early 2023.
What he meant is severe recession , we are alreday in recession
Come on guys, we can’t be in a recession if we haven’t even had one quarter with GDP shrinkage. Please learn what the word means so you can stop looking like fools.
Anyone with a brain knows we haven’t been in a recession this year lol.
Stock market and its wealth effect is the only thing that keeps economy from collapsing
There’s also a lot of liquidity being pumped in via ‘back doors ‘ like tax refunds, inflation & infrastructure bills etc.
No, there is no contraction of money supply. The DOE just gave total of BIG AUTO $27.2 Bln
Stolen elections have consequences
This guy can win No-blink contest
Gas prices going up soon with the Saudi’s and Russia cutting… Inflation will continue to rise and the fed will have to tighten even more. They will put too much pressure on the economy and it will burst. Expect emergency rate cuts early to mid next year… Long term treasuries will recover… TMF for the win.
Because of the amount of total debts expanded catastrophically, and globally as well.
Everything is great!A resession is a good thing!
Ive been Following Professor Hanke for a few years, he’s very accurate with his forecasts… .. .He should be someone the current Central Bank consults with because they still claim that the money supply doesn’t affect inflation….that’s their narrative.
He’s either woefully under-informed or he’s trying to trick people. The crash is imminent and it’s gonna be cataclysmic.
Unless u r retiring soon and things are tight, a minor hiccup vs. missing the next leg up…for the avg person under 60 yrs old these predictions have no bearing on asset allocation.
look at a chart of the dow from the 60s on. in the mid 60s the dow declined and didnt get back to its highs until the late 80s…basically traded sideways for decades or negative if adjusted for inflation. there is no reason it couldn’t happen again.
Thanks Obama
Everyone has a plan until they get punched in the mouth.
Maybe
Recession – two consecutive quarters of negative GDP. That already occurred in the first half of 2023 folks!!
No. It did not.
@Brace yourselves for truth From Jan – June, US recorded two consecutive quarters of negative GDP. Google is your friend.
“Unprecedented.” Then says, “We haven’t seen this since the 1930s.” So, not unprecedented. Speaking only about money supply ignores the need for the interest rate to set a high enough internal rate of return to shake out the companies that need to go extinct, weed out the bad ideas, and enable survival of the fittest which will make our economy stronger. Economists – all numbers and theory, but lacking the concrete business perspective. No discussion of the fiscal side. So incomplete it can only be called noise.
I suppose if you keep saying there will be a recession in the next 6 months or next year for long enough eventually you’ll be correct.
Given the current economic difficulties that the country is experiencing in 2023, how can we enhance our earnings during this period of adjustment? I cannot let my $680k savings vanish after putting in so much effort to accumulate them.
Well the bigger the risk, the bigger the reward and such impeccable decisions are better guided by professionals
Yes true, I have been in touch with a financial advisor. With an initial starting reserve of $80k, my advisor chooses the entry and exit commands for my portfolio, which has grown to approximately $550k.
I’ve been looking to switch to an advisor for a while now. Any help pointing me to who your advisor is?
There are a lot of independent advisors you might look into. But i work with MARIA ELIZABETH FILINDRAS and I have been working together for nearly four years, and she is excellent. You could proceed with her if she satisfies your discretion. I endorse her
she actually appears to be well-read and educated. I just did a Google search for her name and found her webpage, I appreciate you sharing
“Bidenomics” at work.
Same FUD from last year, one day they will be right. 🤡
Is the stock market going to tank? Geez I am waiting in cash.
Economy needs to burst to pop all bubbles.
Interesting , a number of the most eminent market experts have been expressing their views on the severity of the impending economic downturn and the extent to which equities might plummet. This is because the economy is heading towards a recession and inflation is persistently above the Federal Reserve’s 2% target. As I’m aiming to create a portfolio worth no less than $850,000 before I turn 60, I would appreciate any advice on potential investments.
There are many other interesting stocks in many industries that you might follow. You don’t have to act on every forecast, so I’ll suggest that you work with a financial advisor who can help you choose the best times to purchase and sell the shares or ETFs you want to acquire
I’ve been in touch with a financial advisor ever since I started my business. Knowing today’s culture The challenge is knowing when to purchase or sell when investing in trending stocks, which is pretty simple. On my portfolio, which has grown over $900k in a little over a year, my adviser chooses entry and exit orders.
@Kumar singh How can i reach her, because I’m seeking for a more effective investment approach on my saving.
My advisor is TERESA LYNN CARMI , a renowned figure in her line of work. I recommend researching her credentials further. She has many years of experience and is a valuable resource for anyone looking to navigate the financial market
@Kumar singh Teresa Lynn Carmi really seem to know her stuff. I found her website, read through her resume, educational background, qualifications and it was really impressive. She is a fiduciary who will act in my best interest. So, I booked a session with her
I used to think every investor lose out during recession, meanwhile some make millions. I’m nonetheless considering whether to put $400k in my stock portfolio. What is the greatest approach to profit from the market?
The mkt has gone berserk! Whether you’re a newbie or a veteran trader, everyone needs a sort of coach at some points to thrive forward.
I’ve been using a coach for over 3 years and my portfolio has yielded from initial $500k to a ballpark estimate of $1.85m as of today. you should not make investment decisions without consulting with an FA
This is probably what I should do. Who is your advisor, please?
My financial advisor is *Sharon Louise Count* . I found her on a CNBC interview where she was featured and I reached out to her afterwards. She has long helped me with my portfolio and is exactly what you need right now.
I Found her online page by searching her full name, I wrote her an email and scheduled a call, hopefully she responds
Well since it wasn’t this year obviously this clown has to move it to next year. And once it doesn’t hit next year, he will say 2025…..
keeping the population afraid and ignorant, that’s their secret. !!
Right now, things seem odd. The US dollar is losing value due to inflation, but it is strengthening in comparison to other currencies and commodities like gold and real estate. Because they believe it to be safer, people are going to the dollar. I’m concerned that the rising inflation may lead my $420K in retirement funds to lose value. Where else could we put our cash?
Personally, I would say have a mentor. Not sure where you will get an experienced one, but if your knowledge of the market is limited, it seems like a good bet.
Well, I recommend you make a diversification plan because it’s been harder to build a good financial portfolio since COVID. My colleague suggested I hire an advisor, and I’ve actually made over $600K with my advisor’s help during this market crash. She uses defensive strategies to protect my portfolio and make profits despite the ups and downs.
Please who’s this advisor that guides you?
Carol Pasol Lewis is the Consultant that oversees my portfolio. She’s been able to gain some reputation and online recognition with over 3 decades in service, so it shouldn’t be a hassle to find basic info
I just looked her up on the internet and found her webpage with her credentials. I wrote her a outlining my financial objectives and planned a call with her.
Ya ya ya
Lol
Bullshity
There is no need for usa to go into a prolonged recession if a good tradd deal is done with india,rather than getting mexicans and africans for low paying jobs,usa should banish them all and get these on a work visa from india,usa has huge potential to produce ethanol from agriculture,also white coal can be produced in barren land,For all this they can get indian labour and sell the ethanol in both their domestic market and that of india,this can revolutionise the jobs market and create a number of paying jobs if they replace oil with bio diesel and ethanol.
Biden says the economy is fine
Thought they did not interview truth-tellers on CNBC!
Volatile egg? Food, he meant?