Recession Is Next & Rate Cuts Won’t Help, Here’s Why the Fed Has It All Wrong – Steve Hanke

3 months ago
273

Buy BaggyPants A Coffee:
https://www.buymeacoffee.com/BaggyPants

QUIT SMOKING OR VAPING NOW!!!!!!!!!!!!
Excellent eBook: QUIT SMOKING OR DIE!
https://www.barnesandnoble.com/w/quit-smoking-or-die-richard-renstone/1136998725?ean=2940164378936

MY PARATHYROID -Learn about Hyperparathyroidism or Hypoparathyroidism
https://www.barnesandnoble.com/w/my-parathyroid-richard-renstone/1142399066

Michelle Makori, Lead Anchor and Editor-in-Chief at Kitco News, interviews Steve Hanke, Professor of Applied Economics at Johns Hopkins University. Hanke weighs in on the Federal Reserve’s aggressive move to lower its benchmark rate by 50 basis points – the first cut since 2020. Hanke criticizes the Fed, stating that the U.S. central bank is flying blind by ignoring the M2 money supply metric. He sees the Fed’s continued shrinking of the balance sheet as a contradiction to its oversized rate cut. Hanke warns that the U.S. economy will enter a recession later this year or at the start of next year. He also projects the timing when the Fed will kick off its quantitative easing cycle and breaks down what it will mean for the U.S. equity market and commodities, including gold.

Loading comments...