Steve Hanke warns of 'ugly' 2024 recession as the Fed is flying blind

In the midst of economic uncertainty, renowned economist Steve Hanke sounds the alarm about a potential 'ugly' recession looming in 2024. Joining Michelle Makori, Lead Anchor and Editor-in-Chief at Kitco News, Hanke criticizes the Federal Reserve's approach to managing inflation and employment, suggesting they are 'flying blind' and lacking a clear strategy. Hanke emphasizes the importance of monitoring the money supply and shares his insights on why he believes the U.S. economy is at risk. Tune in as he also delves into the role of gold and his expertise in currency boards. Stay informed with this critical discussion on Rumble.

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Follow Michelle Makori on Twitter: @MichelleMakori (https://twitter.com/MichelleMakori)
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Follow Steve Hanke on Twitter: @steve_hanke (https://twitter.com/steve_hanke)
Hanke-Cofnas Gold Sentiment Index: https://www.thegoldsentimentreport.com/

0:00 - Fed's latest rate hike
4:53 - Money supply and inflation
9:17 - Recession in 2024
18:54 - Lagging indicators
21:20 - Banking collapses and credit crunch
29:27 - Stock market
31:31 - Gold
38:28 - Argentina's inflation

#inflation #gold #money
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