[gtranslate]

Economist who called 9% inflation has this grim forecast for what's next – Steve Hanke



Steve Hanke, professor of Applied Economics at Johns Hopkins University, has accurately predicted that inflation in the U.S. will reach 6% to 9%.

With the latest headline CPI release coming in at 9.1%, Hanke told David Lin, Anchor for Kitco News, that inflation has peaked for now.

Follow David Lin on Twitter: @davidlin_TV (https://twitter.com/davidlin_TV)
Follow Kitco News on Twitter: @KitcoNewsNOW (https://twitter.com/KitcoNewsNOW)
Follow Steve Hanke on Twitter: @steve_hanke (https://twitter.com/steve_hanke)
Hanke-Cofnas Gold Sentiment Index: https://www.thegoldsentimentreport.com/

0:00 – Peak inflation
4:30 – The Price Is Right
9:45 – Living standards vs. inflation
12:30 – GDP forecast
14:19 – Inflation relief checks
18:00 – Europe’s response to inflation
21:45 – No such thing as a ‘free lunch’
25:00 – Scandinavian living standards
28:22 – Quantity Theory of Money
32:00 – Money velocity
35:28 – Taxes vs inflation
41:00 – Price control
43:29 – Gold sentiment index

#inflation #economy #recession
__________________________________________________________________
Kitco News is the world’s #1 source of metals market information. Our videos feature interviews with prominent industry figures to bring you market-affecting insights, with the goal of helping people make informed investment decisions.

Subscribe to our channel to stay up to date on the latest insights moving the metals markets.

For more breaking news, visit http://www.kitco.com/

Follow us on social media:
Facebook – https://www.facebook.com/KitcoNews/?ref=br_rs
Twitter – https://twitter.com/kitconewsnow
StockTwits – https://stocktwits.com/kitconews

Live gold price and charts: http://www.kitco.com/gold-price-today-usa/
Live silver price and charts: http://www.kitco.com/silver-price-today-usa/

Don’t forget to sign up for Kitco News’ Weekly Roundup – comes out every Friday to recap the hottest stories & videos of the week: https://connect.kitco.com/subscription/newsletter.html

Join the conversation @ The Kitco Forums and be part of the premier online community for precious metals investors: https://gold-forum.kitco.com/

Disclaimer: Videos are not trading advice and the views expressed may not reflect those of Kitco Metals Inc.

source