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.
Similar Stories to The Economy Is Flashing A Recession Signal That's Only Been Seen 4 Times In The Last Century, Veteran Economist Steve Hanke Says on Bing News
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 most well-known recession indicator stopped flashing red, but now another one is going off
For much of the last two years, the 2-year US Treasury yield has traded above the 10-year yield. When that happens, it historically has meant a recession is looming. So you’d think that investors and ...
09/12/2024 - 11:00 pm | View Link - Economy
September 13, 2024 • It's ... Indicators of the Week! We roundup the economic indicators that caught our attention. On this (kinda) spoOoOooky Friday the 13th, we were morbidly curious about ...
09/12/2024 - 1:00 pm | View Link - U.S. economy grows again in August, S&P finds, and should ease near-term recession fears
The numbers: The U.S. economy grew at a steady clip in August, a pair of S&P surveys found, and indicated little threat of recession despite ... Numbers above 50 signal growth.
08/22/2024 - 2:54 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
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 ...
08/21/2024 - 7:44 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
Stock investors should keep at least 20% of their portfolio in cash, according to billionaire investor Mark Mobius.
08/21/2024 - 12:57 pm | View Link - More
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