Economist updates chance of recession to 90%, despite strong GDP data release - Steve Hanke
Kitco News, Released on 10/27/22
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.
0:00 - Q3 GDP7:46 - Money supply12:00 - Quantitative easing20:00 - Fed pivot?27:00 - Inflation31:34 - Housing36:00 - Gold price sentiment
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.
Economist updates chance of recession to 90%, despite strong GDP data release - Steve Hanke added by Herman James on 10/26/2022View all posts by Herman James ?+'