Fed ‘flying blind’ into ‘ugly’ recession in 2024, only this will make Powell pivot – Steve Hanke
Is an ‘ugly’ recession about to hit in 2024? Steve Hanke, Professor of Applied Economics at Johns Hopkins University tells Michelle Makori, Lead Anchor and Editor-in-Chief at Kitco News, that the Federal Reserve is ‘flying blind’ and ‘doesn’t know what it is doing’ when it comes to controlling inflation while maintaining full employment. He says […]
What was inflation’s true cause? Top economists debate, forecast 2023’s inflation – Hanke & Cochrane
Steve Hanke, Professor of Applied Economics at Johns Hopkins University joins John Cochrane, Senior Fellow at the Hoover Institution of Stanford University, in discussing the root causes of inflation, and how high inflation will likely be in 2023. 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 […]
What are the root causes of inflation? Steve Hanke explains – “Inflation for Beginners” Part 1/2
In Episode 1 of Kitco’s Education series, Steve Hanke, Professor of Applied Economics at Johns Hopkins University, explains “beginner” inflation concepts in Part 1 of 2 of the “Inflation for Beginners” lectures. 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) 0:00 – […]
‘Pretty big recession’ baked in by 2023 despite strong GDP data release – Steve Hanke
Steve Hanke, Professor of Applied Economics at Johns Hopkins University, updates the probability of a recession to above 90%, despite Thursday’s preliminary Q3 GDP data release showing that real GDP grew by 2.6%, following two quarters of consecutive decline. Follow David Lin on Twitter: @davidlin_TV (https://twitter.com/davidlin_TV) Follow Kitco News on Twitter: @KitcoNewsNOW (https://twitter.com/KitcoNewsNOW) Follow Steve […]
Fed’s 25 bps hike won’t reverse inflation, damage will last until 2024 – Steve Hanke
The U.S. Federal Reserve hiked the Fed Funds rate by 25 basis points on Wednesday, the first rate hike since 2018. While this move was largely anticipated, the markets still rallied on the news; both the stock markets and safe haven assets like gold rose. The dollar fell slightly. Steve Hanke, professor of Applied Economics […]
65% chance of recession as inflation heats up to 8.6% – Steve Hanke
The inflation rate is now at 8.6 percent, the highest it has been in 40 years. Steve Hanke joins Kitco News to explain why inflation is not going away, and why the Federal Reserve will likely cause a recession. He spoke with David Lin, Anchor and Producer at Kitco News. The Gold Sentiment Report: https://www.thegoldsentimentreport.com/ […]
Nothing can fix inflation now, ‘economic stupidity’ is underway by the Fed, Biden – Steve Hanke
Steve Hanke, professor of Applied Economics, discusses where inflation is headed after Wednesday’s CPI release with David Lin, anchor for Kitco News. 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 – Latest CPI release 4:50 – […]
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 […]
Sanctions on Russia are ‘for losers'; chances of Fed tightening just tanked – Steve Hanke
Steve Hanke, professor of applied economics at Johns Hopkins University discusses sanctions on Russia, gold, inflation, and monetary policy with David Lin, anchor for Kitco News. 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 – “Sanctions […]
Inflation is now at 7%, the highest in 40 years, and will stay until 2024 – Steve Hanke
Headline CPI climbed to 7% in December 2021, the highest level since 1982, according to data released Wednesday by the U.S. Bureau of Labor Statistics. Steve Hanke, professor of applied economics at Johns Hopkins University told David Lin, anchor for Kitco News, that inflation will likely remain elevated until 2024, after which the Federal Reserve […]
Inflation surges to highest level in 30 years, Biden is about to press ‘panic button’ – Steve Hanke
Inflation surges to the highest level in 30 years, with headline CPI at 6.2% and core CPI at 4.6%. Steve Hanke, professor of applied economics at Johns Hopkins University, discusses with David Lin, anchor for Kitco News, the implications for investors of higher inflation. 0:00 – Inflation 8:40 – Biden’s Infrastructure Bill 11:10 – Government […]
Twitter CEO Jack Dorsey predicts hyperinflation, is he right? Steve Hanke responds
Jack Dorsey, CEO of Twitter, recently Tweeted that “Hyperinflation is going to change everything. It’s happening.” Steve Hanke, professor of applied economics at Johns Hopkins University, responds. 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) 0:00 – Hyperinflation 8:03 – Inflation in […]