Decoding the Drivers of Inflation and Markets · Steve Hanke

EP 280 | Decoding the Drivers of Inflation and Markets | Steve Hanke
Trading commodities since 14 years old, Professor Hanke started learning the importance of closely following macro economic factors which impact the prices of currencies, commodities and consumer goods. His evidence-based approach uncovers the deeper forces driving inflation and market fluctuations and challenges prevailing narratives as it relates to economics. By exploring macro topics often overlooked by the mainstream, Professor Hanke broadens our collective understanding and invites us to think more deeply and critically about the economic forces shaping our world.
About Steve Hanke:
Steve Hanke is an American economist and professor of applied economics at the Johns Hopkins University in Baltimore, Maryland. Steve is known for his work as a currency reformer in emerging-market countries and served on President Reagan’s Council of Economic Advisers. Very recently, Washingtonian magazine recognized Steve Hanke in their annual list of Washington, D.C.'s 500 most influential figures in shaping public policy.
Disclaimer:
Trading in the financial markets involves a risk of loss. Podcast episodes and other content produced by Chat With Traders are for informational or educational purposes only and do not constitute trading or investment recommendations or advice.
Time Stamps
Please note: Exact times will vary depending on current ads.
0:00 Introduction and Background
5:50 Interest rate decision.
11:28 Why does the Fed engage in Quantitative tightening?
17:08 Why don’t economists focus on Money Supply?
20:50 The death of leverage?
23:15 Inflation report. Is stagflation back?
25:25 Is inflation manipulated?
32:55 Shadowstats states inflation is much higher
35:30 Effects of shrinkflation on inflation
40:15 Gold and what is driving its strength
45:13 The economic multiplier effect.
59:50 Indicators to see effectiveness of government spending
64:13 MMT and can it help us?
65:50 Contraction of money supply is nothing to worry about?
67:18 Don’t fight the Fed. Are the markets overinflated?
1:09:45 Anything to be optimistic over?
Links & Resources
X (Twitter): / steve_hanke
Email: [e-mail]
#commoditiestrading #macroeconomics #stocktrading

[@hamisintunzwenimana8083]

Great General 1. Top Down / Big Pictue 2. Fundamentals / Economics

[@peterc3370]

I appreciated the question about shrinkflation although the answer was basically ‘it’s complicated/idk’.

[@user-dv5gm2gc3u]

found the cpi-issues interesting to hear. Was always thinking the statistician were screwing with it a little, but now understand the problems. Maybe asked a little bit too long about gdp & deficit which he had not a clear answer to. But interesting talk, tnx!

[@issenvan1050]

Also: he is a Professor of APPLIED Economics. & his Argentina fund was the #1 in the World back then.

[@issenvan1050]

How is CBO non-partisan as opposed to the FED et al.?

[@KamilMauel]

Inflation is a monetary thing only after taking into account other variables. 1960-1990 money growth was almost constant while CPI was swinging a lot.

[@issenvan1050]

When will his goldsentimentindex’s i-Phone app become available?

[@issenvan1050]

🐐🧿

[@issenvan1050]

Almost every friend/mentor of his begins w/ a “Sir.” 🤣

[@issenvan1050]

But according to the Phillips Curve, inflation = economic growth, right?

[@issenvan1050]

Isn’t inflation MORE about the commercial banks & LESS about the FED?

[@issenvan1050]

So then, rates are important even to a monetarist?

[@issenvan1050]

How can there be stagflation with a reduced money supply?

[@issenvan1050]

Skousen is good, too.

[@jordangarcia-standingsoldi6387]

this is not a trader. he is a professor

[@issenvan1050]

& a trader, an investor, an advisor, & a board member of some firms in different parts of the World. What are you, again?

[@issenvan1050]

Black swans can always creep into the pond! 🤣

[@issenvan1050]

So no stagflation in the foreseeable future?

[@issenvan1050]

How about India?

[@issenvan1050]

Why is 2% important?

[@issenvan1050]

Summers believes in the Phillips Curve, Hanke does not…

[@issenvan1050]

Finger in the wind operation! 🤣

[@issenvan1050]

If timing were a fool’s game, why did you claim that there was gonna be a RECESSION in Q4 2023?

[@issenvan1050]

Slowdown or recession?

[@issenvan1050]

What happened to his “FED is sleepwalking us into a recession?” He uses the term SLOWDOWN now, instead.

[@FutureGuy47]

Please no macro guys and economists with 0 skin in the game.

[@mariodimitroff5343]

Agree !

[@BretWickstrom]

Especially those who are condescending about anyone searching the internet for information.

[@issenvan1050]

He has a lot of skin in the game, & he was the only one to forecast 9% peak CPI 1.5 years in advance! Please no comments from guys with little cash in their trading accounts.

[@issenvan1050]

@@mariodimitroff5343AgreeD, you mean, Einstein?

[@issenvan1050]

Why is Hanke a gold bull, even after this big move up in gold?