iStock; Rebecca Zisser/BIA recession looks likely for the US economy by early 2025, according to Steve Hanke.That's evident in the contraction in the money supply, a rare signal that's only flashed four time in the last century.A contraction in the money supply was followed by a recession or depression in every instance, Hanke said.The US economy is poised to enter a recession, as evidenced by a rare economic indicator with a perfect track record of signaling a downturn, according to top economist Steve Hanke.The Johns Hopkins professor issued a bearish outlook on the US economy in an interview with the wealth advisory firm Wealthion on Tuesday.
The Economy Is Flashing A Recession Signal That's Only Been Seen 4 Times In The Last Century, Veteran Economist Steve Hanke Says
jsor@businessinsider.com (Jennifer Sor), Business Insider
Tue, 08/20/2024 - 8:23am
Topics: rebecca zisser/bia steve johns hopkins federal reservean united states institute supply management cme fedwatch business insider hanke m2 june federal reserve fed july economy recession signal times century money years year contraction inflation monetary downturn spending economic high enter rare depression picture early said.the noted sectors activity rates outlook slowdown stock trillion level policy micro total
BING NEWS:
- The economy is flashing a recession signal that's been seen only 4 times in the past century, veteran economist Steve Hanke says
A recession looks likely for the US economy by early 2025, Steve Hanke says. He says that's evident in the contraction in the money supply, a signal seen only four times since 1913. A contraction ...
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08/21/2024 - 1:00 pm | View Link - Investors need to be cautious on stocks because the economy is flashing a warning not seen in nearly a century, billionaire investor Mark Mobius says
Mobius cautioned investors to be alert as a troubling signal ... times in total over the past century, and was followed by a recession in each instance, according to veteran economist Steve ...
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"The labor market appears weaker than originally reported," said Jeffrey Roach, chief economist at LPL Financial ... is used to provide an early recession signal. The rule stipulates that ...
08/21/2024 - 3:39 am | View Link - The economy is flashing a recession signal that's been seen only 4 times in the past century, veteran economist Steve Hanke says
The US economy is poised to enter a recession, as evidenced by a rare economic indicator with a perfect track record of signaling a downturn, the top economist Steve Hanke says. The Johns Hopkins ...
08/20/2024 - 7:55 am | View Link - More
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