Economist Steve Hanke Warns: 'A Recession Is Baked in the Cake!'

In this episode, James Connor of Bloor Street Capital sits down with Steve Hanke, Professor of Applied Economics at Johns Hopkins University, to dive into crucial economic trends for 2024. They discuss the dynamics of inflation, the impact of money supply fluctuations, and the potential risks of economic recession. Hanke offers a detailed analysis of the current financial environment, explains why he thinks a 'recession is baked in the cake' and provides insight to help you navigate the economic landscape of the coming year. Timestamps: 02:42 - Overview of Money Supply & Quantity Theory of Money 09:08 - Economic Growth & Inflation 10:37 - Asset Prices and Economic Indicators 12:45 - Historical Contractions in Money Supply 16:19 - Predictions for Future Economic Trends 22:29 - Labor Market Analysis 27:45 - Financial Markets and Money Supply 31:41 - Fed's Role and Predictions 35:56 - Strategies for Wealth Protection 39:45 - Global Economic Insights: Argentina's Case 43:33 - Closing Remarks and Contact Information Learn more about your ad choices. Visit megaphone.fm/adchoices