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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 that the Fed needs to focus more on the money supply, and explains why he thinks an ‘ugly’ recession will hit the U.S. economy in 2024. He also discusses gold and his work on currency boards.
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Hanke-Cofnas Gold Sentiment Index: https://www.thegoldsentimentreport.com/
0:00 – Fed’s latest rate hike
4:53 – Money supply and inflation
9:17 – Recession in 2024
18:54 – Lagging indicators
21:20 – Banking collapses and credit crunch
29:27 – Stock market
31:31 – Gold
38:28 – Argentina’s inflation
#inflation #gold #money
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