My Bubble Meter Is at an All-Time High: Black Swans to Watch for in 2025 – Steve Hanke

"The stock market is in bubble territory... and that signals danger," warns Steve Hanke, a renowned economist and professor of Applied Economics at Johns Hopkins University. In this episode of the 2025 Outlook Series, Hanke sits down with Daniela Cambone to discuss the global economy, trade policies, and the key risks shaping the year ahead.
Prof. Hanke predicts a significant slowdown in the U.S. economy in 2025, citing the contraction of the money supply and the pace at which it grew as key factors. He also critiques President-elect Donald Trump's mercantilist trade policies, arguing that viewing trade as a "zero-sum game" will ultimately harm the U.S. economy. “It’s immoral for the government to be interfering with you and I who are voluntarily agreeing to you sell,” he states.
Turning his attention to Europe, Hanke highlights serious concerns about Germany's faltering economy, calling it "in the tank big time" and cautioning about its potential to destabilize the broader European economy.

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📞 ACT NOW, BEFORE IT'S TOO LATE: Steve Hanke warns of rising global tensions, a collapsing middle class, and the fall of the dollar. Gold is your best safeguard in uncertain times. Protect your future with physical gold and silver today: https://calendly.com/itmtrading/500?utm_content=DC01092025 or call 866-706-9061

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📖 CHAPTERS:
0:00 U.S. economic slowdown
6:42 Recession
9:39 Tariffs
15:05 Trump's trade policy
18:10 Trudeau
18:40 Enhancing government efficiency
25:05 The issues in the EU
30:51 Italy’s SpaceX security deal
35:35 Red flags for 2025

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Disclaimer: The information provided in this video is for educational purposes only and should not be construed as financial advice. Gold and silver prices are influenced by many factors and may fluctuate. All assets carry some risk and past performance does not guarantee future results. The views expressed by our hosts or guests do not always reflect the views of ITM Trading nor guarantee a specific outcome. Always conduct your own research and consult a financial advisor before making any investment decisions.

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