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

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