Wealthion - Be Financially Resilient Steve Hanke: The Fed is Behind the Curve - Recession is Inevitable
Aug 20, 2024
In a compelling discussion, Professor Steve Hanke, a renowned applied economics expert from Johns Hopkins University, warns about an inevitable recession. He highlights the alarming contraction of the money supply and its implications for both the stock market and consumer behavior. Hanke argues that the Fed is lagging in its responses, leading to forecasting errors. He advocates for cautious investment strategies, suggesting alternatives like gold amidst economic uncertainty. Tune in to hear his insights and recommendations!
Chapters
Transcript
Episode notes
1 2 3 4 5 6
Intro
00:00 • 2min
Economic Downturns and Money Supply Dynamics
01:58 • 12min
The Shifting Landscape of US Consumer Spending
14:17 • 7min
Reassessing Economic Signals and the Fed's Role
21:02 • 19min
Insights into Economic Literature and Educational Foundations
39:38 • 5min
Concluding Insights on Financial Preparation
44:38 • 2min