Wealthion, Released on 1/31/24

In this episode, James Connor of Bloor Street Capital (@BloorStreetCapital) sits down with Steve Hanke, Professor of Applied Economics at Johns Hopkins University (@JohnsHopkins) 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.

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

Steve Hanke is an American applied economist at the Johns Hopkins University in Baltimore, Maryland. He is also a senior fellow and director of the Troubled Currencies Project at the libertarian Cato Institute in Washington, DC, and co-director of the Johns Hopkins University’s Institute for Applied Economics, Global Health, and the Study of Business Enterprise in Baltimore, Maryland. Hanke is known for his work as a currency reformer in emerging-market countries. He was a senior economist with President Ronald Reagan’s Council of Economic Advisers from 1981 to 1982, and has served as an adviser to heads of state in countries throughout Asia, South America, Europe, and the Middle East. He is also known for his work on currency boards, dollarization, hyperinflation, water pricing and demand, benefit-cost analysis, privatization, and other topics in applied economics. Hanke has written extensively as a columnist for Forbes magazine and other publications. He is also a currency and commodity trader.

  economy, inflation, recession, steve hanke