Recession Is Next & Rate Cuts Won’t Help, Here’s Why the Fed Has It All Wrong - Steve Hanke

[@TommyChong677]

Our economy is facing challenges due to uncertainties, housing problems, foreclosures, global fluctuations, and the lingering effects of the pandemic, leading to instability. The rising inflation, slow growth, and trade disruptions require immediate action from all sectors to restore stability and promote economic recovery.

[@Cynthia-mm1cv]

With the US dollar losing value to inflation and other currencies gaining traction, uncertainty looms. Yet, many still trust in the dollar's perceived safety. Worried about my $420,000 retirement savings losing value, I seek alternative security for my money.

[@RolandWingo]

No doubt, getting proper financial counselling is invaluable, my portf0lio is well-matched for every season of the market and just yielded 120% from early last year. I and my CFA are working on a 7 figure ballpark goal, though this could take another year

[@tinsleyLuna]

This is definitely considerable! Do you think you could suggest any professionals or advisors I can get on the phone with? I'm in dire need of proper portfolio allocation.

[@RolandWingo]

Just research the name LUCIA ALICIA CRUZ. You’d find necessary details to work with a correspondence to set up an appointment.

[@tinsleyLuna]

She appears to be well-educated and well-read. I ran an online search on her name and came across her website; thank you for sharing.

[@JamesBerkowitzberky]

Thank you Michelle Makori for your in depth journalism, guest interview with Professor Hanke (Great thinker), and mind stimulating Q & A. Imperative work of utmost importance during this precarious time period. You’re deeply appreciated.

[@SystemsProjectEngineer]

Michelle asked some good questions

[@MichelleMakoriVideo]

Thank you so much for your feedback. I appreciate it

[@JamesBerkowitzberky]

@@MichelleMakoriVideo You’re very welcome.

[@JohnDoe-qz3qi]

No problem. Just keep printing! 👍

[@Cinnabuns2009]

Yeah we're going to spend our way out of debt! First time it has ever worked! ...oh wait

[@davidav3980]

I enjoy every interview with Michelle Makori and Steve Hanke. Great Job. These interviews are not in Mainstream media. Every single interview is an economics class at the University level. Congrats Michelle.

[@miri9600]

Prof. Hanke has really good points.

[@klauskarpfen9039]

... like the supply of goods and services and as such the RATIO of monetary supply to the amount of goods and services doesn't matter for inflation. Yes, he is a big-time Milton fanboy.

[@tommychestnut5335]

The market, whether in recession or not, will always be positive to shrewd investors. You just have to know your way around the market. The recent Fed cut is a big advantage also that any serious person will take advantage of. No better time to let the economy work for you than now.

[@Alejandracamacho357]

Same thing I keep saying. Choose quality stocks and follow them up keenly. If you're not one for such complexities, then work with an Adviser to grow your portf0lio. You can't go wrong with a seasoned CFA. Things will become bullish in no time and the diligent inveestors will smile to the bank. Don't forget the last quarter of the year is upon us.

[@traviswes7082]

You're right, I and a few colleagues in NY work with a CFA who prefers we DCA across a number of prospective sectors instead of a lump sum purchase. Following this, my account grew by more than 40% in this 3rd quarter.

[@traviswes7082]

KATHLEEN CHERYL CONSTANTZ is who I work with. Have worked with her for about five years now, and her performance has been consistently impressive. She’s seasoned and well known in her field, look her up.

[@MuradSamadov-n6i]

This is very insightful. Hope you don't mind me asking you to recommend your CFP

[@traviswes7082]

She's "Kathleen Cheryl Constantz". One of the finest portfolio managers in the field also widely recognized. Just research the name. You’d find necessary details to work with and set up an appointment.

[@philfortner1805]

We have been in recession for the last 1.5 years and now tipping into depression. A tidal wave of money printing is about to hit.

[@robertjosan]

Great questions Michelle you definitely need to get Professor Hanke on Kitco more frequently , Hanke is the real deal and one of the Best economists alive.

[@JetLagRecords]

Kitco NEWS, you're the reason I love KZbin

[@radeksparowski7174]

and Michelle my Belle

[@ConiRis964]

I'm 54 and my wife and I are VERY worried about our future, gas and food prices rising daily. We have had our savings dwindle with the cost of living into the stratosphere, and we are finding it impossible to replace them. We can get by, but can't seem to get ahead. My condolences to anyone retiring in this crisis, 30 years nonstop just for a crooked system to take all you worked for.

[@kevinjoseph517]

111 years since 1913.

[@shivibhatia1613]

Vote trump

[@treaty8631]

This comment is on every you tube video

[@James-k9p4w]

thats the plan lol . Your not suppose to get ahead.

[@michaelboyle6774]

Great interview Michelle. Prof. Hanky is one of the brightest economic minds in the US.

[@majorpayne8373]

Michelle always and without fail gives us the best view of the bust up ahead.

[@DK-zm2fq]

no pun intended?

[@petergozinya6122]

(.Y.) 👀

[@robertk1834]

Michelle always gets right to the point, which I appreciate.

[@prolific1518]

Michelle and Danielle Dimartino Booth provide the best views on the economy imo

[@LizaPhilips]

Concerns about a potential recession and the Fed's talk of interest rate hikes have left me uneasy. I'm unsure about my $700K portfolio strategy, considering the uncertainty of a recession and the possibility that interest rates may not rise significantly

[@Johnlarry12]

I completely understand your concerns. But In this current unstable markets, It is advisable to diversify while retaining 70-80% in secure investments. looking at your budget, you should consider financial advisory.

[@frankbarnes22]

I agree. This is why having the right plan is invaluable, my $210k portfolio is well-matched for every season of the market and recently hit 40% rise from early last year. I and my CFP are working on a more figures ballpark goal this 2024

[@carolpaige2]

Pls can you recommend this particular coach you using their service?

[@frankbarnes22]

Certainly, there are a handful of experts in the field. I've experimented with a few over the past years, but I've stuck with ‘’ Carol Vivian Constable” for about five years now, and her performance has been consistently impressive.She’s quite known in her field, look-her up.

[@carolpaige2]

I copied her whole name and pasted it into my browser; her website appeared immediately, and her qualifications are excellent; thank you for sharing.

[@raydemos1181]

inflation rate below 2% , my friend just received a 500.00 a month rent increase, his eyes are popping out of his head and everyone's talking about low inflation

[@Johnny-dp5mu]

Yep Sad However when our government is drunk and have access and control of the alcohol they WILL stay drunk to their death 💀. We are in great danger. All the very best

[@MarkShinnick]

Pretty amazing how easily distracted the crowd is with rates when Western Civilization is collapsing.

[@MohdRashidMohdYusof]

People like to see magic .

[@MarkShinnick]

@@MohdRashidMohdYusof Yes, Right on.

[@randall6144]

Michelle is why I love KZbin!

[@allyouneedisluv53]

We are so beyond bankrupt. So deep in debt It’s a joke now.

[@warriorofice33]

I think they're trying inflation as a measure to make that debt smaller, inflation will grow faster than the debt.

[@ma4o669]

Ball deep all the way 😂

[@danielgaudet2367]

FED NO MORE

[@issenvan1050]

Audit the FED.

[@Dave_East]

Rate cuts commence in June 2024, taking 6-8 months to complete. A potential crash, if any, might occur by March 2025. The soft landing narrative is gaining traction, making this big recession everyone is calling for less likely. With $1 million from a business sale, I'm seeking profitable investment opportunities for the next 3 years.

[@SarachiWowa]

I've heard that some experts are pointing to factors like rising inflation and this possibility of interest rate getting higher as potential triggers for Treasury market instability. It's making me rethink my investment strategy, especially with my stocks portfolio of $400k

[@DeborahMunsaka]

It's often true that people underestimate the importance of financial advisors until they feel the negative effects of emotional decision-making. I remember a few summers ago, after a tough divorce, when I needed a boost for my struggling business. I researched and found a licensed advisor who diligently helped grow my reserves despite inflation. Consequently, my reserves increased from $275k to around $750k.

[@DeborahMunsaka]

There are a handful of experts in the field. I've experimented with a few over the past years, but I've stuck with ‘’Jessica Lee Horst” for about five years now, and her performance has been consistently impressive. She’s quite known in her field, look-her up.

[@BridgetMiller-]

Please educate me, I’ve come across this name before, Now i'm interested.

[@MGTOWTheRationalMensClub]

Million $ question:- Does US govt really possess 8000 tones of gold at Fort Knox as they claim? It has never been audited since 1957.

[@jordanbutterfield1180]

@@mediaisevil6730So much confidence there. 5%? I’d wager that’s a 0% chance of being 8K tons or more.

[@feliksplotnikov6408]

Why would gold disappear from Fort Knox? Where would it go?

[@Verifyourage]

Currency was once backed by gold now its backed by ego

[@jordanbutterfield1180]

@@Verifyourage Pretty promises. The gold is safe. (yah, but just not here).

[@MGTOWTheRationalMensClub]

@@feliksplotnikov6408 In private hands. In the hands of owners of Fed

[@reinhard7572]

Gold is about to go Nuclear!!

[@burgsymalone8269]

It's never going to happen. They are alternatives to fiat now and that is crypto. Since crypto, fiat debasement have been associated with 15000% increase in crypto overall market cap compared to Gold's 10% increase. The crypto 15000% Will only get bigger as the value of currency gets debased in the Quantitative easing it would take to reverse the recession

[@unaffiliated_x9279]

​@@burgsymalone8269 people will always want something physical.

[@issenvan1050]

@@burgsymalone8269Did you check out BTC’s 6 month chart: lower & lower & lower highs… How many central banks own BTC?

[@25Soupy]

Yeah, yeah. Never heard that before...

[@johnqlunchbucket]

Gold will just pop like a pop rock. Bitcoin will go nuclear. 🚀

[@4bennybear]

I don't think will be seeing the good Professor on Kitco anymore,he criticized Israel.

[@MohdRashidMohdYusof]

Yeah, the only entity you can't criticise.

[@a13xdunlop]

I was thinking the same.

[@AbramTaylor-pw9gs]

Michelle great interview. Steve is a great guest

[@actualfacts1055]

Low inflation except for unimportant things like food, shelter and transport.

[@Johnny-dp5mu]

Hahahahah 🤣

[@chrislastnam6822]

Most people are overweight.

[@fantasyfootballfocus1510]

Michelle is amazing!

[@rasdre179]

Real inflation is about 13 percent TODAY

[@RickyGorski-gn9wd]

Over 20 %

[@tombox2759]

@@RickyGorski-gn9wd Some food prices up over 100%

[@danielpicha630]

Almost every item is in a grocery store is up between 20% and 50%

[@Orgsie]

Fed lies!

[@INTERNETVID]

Hanke believes the inflation rate is 2% lol. Where does he buy HIS groceries? I want to start doing my shopping there.

[@rudeawakening3833]

No kidding !

[@jonz23m]

1) inflation is not just based on food prices 2) inflation is a relativel measurement compared to previous date. You're welcome.

[@FrederickPerkins-vr1uf]

He’s right, but inflation is cumulative. It may have gone up 15% , but now it’s just at 2%, that doesn’t mean anything goes down, or is now affordable; it just means the rate it’s still going up has slowed

[@jamesmitchell6483]

@@INTERNETVID 5 Finger Discount & Stickm Up Storrs!!! BYO facemask

[@philfortner1805]

Hanky doesn't have a clue! The money you use government CPI your calculation is worth garbage.

[@oioiii6271]

The FED & there owners set it up that way!

[@browpetj]

This is a great addition to David Linn's recent interview with Prof. Hanke..! Are these guys in cahoots? Great vid!

[@mats6849]

“The labor market is in solid shape.”… shape of a pile of shit

[@Neosin1]

lmfao! Imagine if a reporter said that to Powell 😂

[@TheJacobnotowitz]

I love the information provided by Professor Hanke. I do wish he was allowed to talk a little more with less interruption. His speech style is more thoughtful, so a bit slower. Michelle, wait for him to totally finish his thought. I love kitco and this channel.

[@waynefaulkner2180]

Michelle, you should have asked the Professor his opinion on gold being made a Tier 1 asset. ❤ the interview.

[@Sashapov-h7b]

Some experts think the fed decision could boost certain industries, while others warn it might increase inflation concerns. I'm reviewing my $600K portfolio allocations and I'm curious about strategies to respond to these potential sector impacts.

[@BerryRyan-gl3sm]

the strategies are quite rigorous for the regular-Joe. As a matter of fact, they are mostly successfully carried out by pros who have had a great deal of skillset/knowledge to pull such trades off.

[@Jadechurch-ql3do]

Risk mitigation is indeed something to consider well before setting out on inveestments. Most often than not, CFAs take care of this perfectly. People downplay the role of CFAs until being burnt by their own instincts. I was in a similar situation a few years ago; Took my chances but stocks went crashing. Realizing I wasn't good at timing the market, I started working with an Adviser, which helped me build a $1.6m portfolio.

[@yeslahykcim]

Please can you leave the info of your lnvestment advsor here? I’m in dire need for one.

[@Jadechurch-ql3do]

Her name is. 'Lucinda Margaret Crist’. Just research the name. You’d find necessary details to work with a correspondence to set up an appointment.

[@brianwhitehawker1756]

Thank you for this Pointer. It was easy to find your handler, She seems very proficient and flexible. I booked a call session with her.

[@frankiesmart1113]

Splendid interview Michelle 👏 The Fed rate cut will nose dive 🛩. It's like drinking and driving. Sooner or later there's going to be a hell of a wreck. 🚑

[@32mlucas]

The reason money supply contraction can’t be seen as deflationary is because MMT says increasing money supply doesn’t cause inflation, history says otherwise

[@rogerburn5132]

Increase of the currency ( Money) supply = Venezuela Hyperinflation.

[@herbertjones1744]

Goods price levels are determined by the exchange rates not the Money supply in the economy in a deindustrualzed economy. Case study would be the Money theory of money domestic impact on inflation before and after the deindustrualzed.

[@warriorofice33]

how do we know anyways the data about money supply is reliable? they could write or say whatever.

[@32mlucas]

@@herbertjones1744 How do you explain comparative low inflation in the last few years in Japan despite a very much weaker Yen?

[@syamkumarkaturi9761]

ALL INDIAN POLITICIANS AND TERRORISTS STOCKS MORE GOLD SO GOLD PRICE SHOULD FALL EVEN MORE..INDIA SHOULD CLEAR ALL LOANS FROM WORLD BANKS BEFORE GOLD PRICE FALLS....

[@BicorMco]

The tightening was too aggressive to begin with. The rate hikes have broken an already fragile economy that would have worked out the inflation in the free market. The Fed chose to spark inflation buy napalming the public with stimulus right when the global supply chain was broken and production of good and service basically did not exist during Covid. It was gasoline on the perfect firestorm. Then, instead of letting the inflation work itself out… we hiked rates thousands of times higher than they were in the most massive pounding the Fed has ever given an economy. They chose to break the inflation they created over the backs of the middle class. Now they’re providing a little relief and everyone is acting like it’s going to bring back Covid level inflation and end the world..... Anyone feeling the impact of these economic shifts should consider Crypto long-term trading strategies to protect their assets. My advice to anyone feeling the heat in this inflation, just trade long term more than ever, I have made over 520k from day trading with Sandy Barclays in few weeks, this is one of the best medium to backup your assets incase it goes bearish..

[@BicorMco]

@SandyBarclays .

[@amirragab-xp6im]

The market has gone berserk! whether you're a newbie or a veteran trader, everyone needs a sort of coach at some point to thrive forward.

[@MatheusBarbosa-zw4tw]

Recession are unavailable part of the economic cycle, all you can do is prepared for them and plan accordingly.

[@philblas]

Over the years, I've been a part of numerous trading programs, sifting through a barrage of information. Yet, nothing has come close to the sheer clarity, depth, and precision of Sandy insights. It's akin to finding a diamond in a coal mine.

[@HeinzFrieder]

I appreciate the professionalism and dedication of the team behind Sandy’s trade signal service.

[@bladeflapUH60]

The FED knows the economy like Kamala knows the boarder 😂😂😂

[@TonyL-gw4qx]

The Fed does know since their best friend is the Banksters!! They will own everything and supposedly, we will like it?

[@mbojilov1]

And like you know English spelling.

[@TonyL-gw4qx]

@@mbojilov1 always some smart guy out there ? Thinking he is in English class solving the world one misspelled word at a time.

[@Johnny-dp5mu]

Knowing and doing are not the same!

[@Johnny-dp5mu]

Knowing and doing are not the same

[@jjrossphd]

Thanks so much. Professor Hanke is brilliant.

[@KD-bo4wq]

Great interview with Prof. Hanke👍Thank you!

[@ours1209]

Michelle TY for having Hanke on. It’s nice to hear the realities on this Campaign Gimmick 👏

[@Blast-Radii]

Great guest and interview...thanks Michelle.

[@Kaustavpatell]

I foresee a recession lasting a while, and if inflation continues to surge, the Federal Reserve will likely raise interest rates again. Inflation is causing various issues worldwide, such as food shortages, scarcities of diesel and heating fuel, and significant spikes in housing prices, leading to a potential financial market crash. This global downturn could have long-lasting repercussions. Given the current inflation rate and market crash, my main worry is how to optimize my savings and retirement fund, which has remained stagnant at around $300,000, yielding almost no gains for quite some time.

[@Donald-George]

I agree, just because the market presents opportunities doesn't mean we should rush in headfirst. For this reason, we should look for appropriate market analysis or guidance or, alternatively, seek advice from certified market strategists.

[@victoriaabott]

A lot of folks downplay the role of advlsors until being burnt by their own emotions. I remember couple summers back, after my lengthy divorce, I needed a good boost to help my business stay afloat, hence I researched for licensed advisors and came across someone of utmost qualifications. She's helped grow my reserve notwithstanding inflation, from $275k to $850K.

[@rachelonigirl]

This is definitely considerable! think you could suggest any professional/advisors i can get on the phone with? I'm in dire need of proper portfolio allocation.

[@victoriaabott]

Her name is. SUNITA CHACHY JOSEPH . Just research the name. You’d find necessary details to work with a correspondence to set up an appointment.

[@rachelonigirl]

I just curiously searched her up, and I have sent her an email. I hope she gets back to me soon. Thank you

[@emeritusdavidteo5553]

She is a real unbiased journalist and most importantly, allows the Prof say his piece. The other MSM woke and pseudo news men need to learn from her.

[@ActiveTravelWestUSA]

Steve is the best

[@jockcamarinha]

Another great interview with Prof Hanke, the M1/M2/M3 guru. Michelle 👏👏👏

[@rineleff2009]

In my opinion moves in market have to be precise at times like this, the US economy is already putting pressure on everyone’s pockets so moves have to be thought with precision. Move wisely

[@AmandaKatherineLeff-j9f]

You know I totally agree with you and besides, the US dollar is actually losing its value and it’s purchasing power as time goes on so your savings aren’t a valid way of ensuring your wealth in the nearest future.

[@KarenLynnOlsen]

Honestly, I realized after five years that attempting to predict market outcomes through chart analysis was futile due to the unpredictable nature. My lack of a mentor led to six years of struggle. I transitioned to following the market's direction and adopting a straightforward, disciplined approach.

[@albertbrian6448]

I will like to ask, How did you achieve it? I been trying to stick with index funds. I feel this new interest rates hikes could crash this economy. I'm looking out for a better investing strategy, I have a lump sum that inflation is steady eating up.

[@KarenLynnOlsen]

I don't comfortably throw recommendations around on the internet, but I've been working with Nancy Magaret Delony. God ! she's brilliant! I'm sure there are others who are good.

[@albertbrian6448]

thanks for putting this out, it has truly rekindled the fire to my goal...

[@martinb4093]

Nice to see some people with actual knowledge and common sense

[@wisencareful4645]

Great interview style Michelle You’ve nailed it constantly Excellent probing questions & your on top of the subject 100% Bravo Girl

[@michaelvittori8525]

Great interview !! Michelle was asking the tough questions !!

[@kitco]

Glad you enjoyed it!

[@issenvan1050]

@@kitco Watch Miko Peled’s interviews & read the “General’s Son”, speaking of your geopolitical expertise!

[@syamkumarkaturi9761]

ALL INDIAN POLITICIANS AND TERRORISTS STOCKS MORE GOLD SO GOLD PRICE SHOULD FALL EVEN MORE..INDIA SHOULD CLEAR ALL LOANS FROM WORLD BANKS BEFORE GOLD PRICE FALLS....

[@issenvan1050]

@@kitco”Israeli soldiers were filmed apparently pushing three bodies from roofs in the occupied West Bank.”

[@jimfranklin6950]

Great interview guys! Super thx!

[@CaliforniaMortgageLoans]

The professor has spoken, and you better be paying attention.

[@taranjitsingh2714]

Very insightful! No BS! Stick with the tried and tested theories! Thanks 🙏

[@benitabussell5053]

Honestly, this situation makes me uncomfortable, especially with the Fed cutting interest rates by 50 bps. It signals deeper economic concerns, and I’m uncertain about my $130K investment strategy considering the possibility of not just a recession but even a depression.

[@RickWatson-xu6gw]

I agree. Even with great opportunities, we should proceed cautiously. Seeking market analysis or advice from certified market strategists is important.

[@RobbStonee]

Having an investment advisor is the best approach to the stock market right now. I was going solo without much success until my wife introduced me to an advisor. I've achieved over 80% capital growth this year, excluding dividends.

[@Marquez919]

Hey friend, How can I work with your Fiduciary?

[@RobbStonee]

*Marissa Lynn Babula* is the licensed fiduciary I use. Just research the name. You’d find necessary details to work with a correspondence to set up an appointment..

[@ScottStraw]

Searched the web and saw her profile and accreditations, someone with great experience I must say, thanks!

[@siripornatsawathanaphaisan789]

Good health Professor ❤😊

[@0mar9]

Love kitco news

[@scottluthy5828]

I never thought the federal reserve bank should have been created. They actually help the rich get richer. Go back to gold standard.

[@feliksplotnikov6408]

If you remove FED, your money in all banks loose protection. You may lose all of them.

[@products4less409]

​? Why?

[@PistolPete1984]

The James Bond girl Michelle Makori ❤

[@Helen_white1]

Places are cheap for a reason , It's sad how difficult things have become in this recessive economy. I was wondering how to utilise some money I had. I used some of it for e-commerce business, but that sank. I'm thinking of how to protect my $250K-worth stock portfolio from decline, but haven't figured which way to go.

[@DhanaPayar]

Very difficult indeed, but when the going gets tough, the tough gets going. You have to learn and handle finances properly. you should hire a CFP to help you diversify your assets to include ETFs/index funds/mutual funds and stocks of companies with consistent cash flows. Don't go for penny stocks.

[@Michaelparker12]

I agree, that's the more reason I prefer my day to day investment decisions being guided by an advisor seeing that their entire skillset is built around going long and short at the same time both employing risk for its asymmetrical upside and laying off risk as a hedge against the inevitable downward turns, coupled with the exclusive information/analysis they have, it's near impossible to not out-perform, been using my advisor for over 2years+ and I've netted over 2.8million.

[@Lewistonwilliams-f5i]

I actually subscribed for a few trading courses but it didn't help much, been getting suggestions to use a proper financial advisor, how did you go about touching base with your coach?

[@Michaelparker12]

Her name is. 'Jessica Lee Horst’. Just research the name. You’d find necessary details to work with a correspondence to set up an appointment.

[@Agatha.wayne0]

Nice info, i appreciate your concern this will help a lot especially to the young bitcoin investors who have no or lesser knowledge on how bitcoin market works.

[@issenvan1050]

When will the bad news become the bad news?

[@PaulbylPaulbyl]

I listened to this twice. This should have 23M not 23k views!

[@robertgwynne1401]

Who ever lowers anything if and when business is good???? Price? NO, ....Margin? NO,.....Rates? ....NO......this is a government fire sale to save their arses temporarily !!

[@Greg_M308]

Best guest ever.

[@AndyMacaskill]

Hanke is right. Will I loose money believing the same... No. Might I make less money believing the can will continue to get kicked; yes. I don't care - I'm playing safe.

[@starshipcaptain8216]

The prof dropping facts and connecting dots

[@erickieffer4639]

Why is the head of the Fed a lawyer???

[@jeffsurfanderson]

And when the FED buys bonds from the government that's basically money printing

[@rameshkumar7777]

oh,Michelle,u are doing extraordinary work.

[@kitco]

Many thanks!

[@petterihiienkoski684]

This was very informative and interesting view! Thanks!

[@ElainEmail-m7q]

Money supply increases are the next magical moments to rescue the rapidly decline in the economy ( of any countries ).

[@leopoldsternberg5257]

Howzit Michelle, thank you for asking the questions in your interviews, that we are all looking for answers on, I try not to miss any of your interviews. I've lived in the USA for 27 years as a legal immigrant and I've watched the quality and quantity of jobs diminish constantly over the years. As qualified individuals are squeezed out due to age or demographics, lesser qualified staff fill those positions and those qualified individuals that were forced out have to accept lesser jobs, it's a vicious diminishing circle. Labor information data fed to the FED is absolute rubbish and does not account for this reduction in income or any other statistic that matters. It's not a housing crisis or an interest rate crisis, it's that our job market is evaporating, so people are trying to sustain a lifestyle on credit to feed the beast, if our FED can set that standard, why not the everyday American. If we don't find a way to stimulate quality jobs for the American people there is no fixing this mess. We place far too much trust in the FED who clearly do not have our best interest at heart.

[@alliedmastercomputer5407]

Hanke is our boomer

[@jordanbutterfield1180]

When did Hanke become a seasoned general? When he begins talking about geopolitics and war strategy, his equity diminishes significantly. SIGNIFICANTLY.

[@chrislastnam6822]

No it doesn't.

[@supercecchi]

Professor is a legend

[@tadmailander8134]

How does he know whether or not Chinese nationals are buying gold, and how much?

[@PaulbylPaulbyl]

Hanke knows his stuff. Reading between the lines, seems he is suggesting the Fed is propping things up until hmmm... perhaps after the first Tuesday after the first Monday in November?

[@svetlanakonovich2939]

Thank you, professor, for the truth about the US proxy war against Russia using Ukraine!

[@BH195829]

Great interview- the host is fabulous 🤔🔥

[@dtrout]

And in a moment of sincere transparency, "quite frankly it's stupid" .... my favorite moment of the interview.

[@casienwhey]

I was travelling the last few weeks, and so was dealing with airports, planes, rental cars, hotels, etc... I passed through three major airports and all of them were crowded. The flights I took were all full, not mostly full but 100% full. Car rentals had few cars left and several hotels had sold out multiple times on different days. So, the economy that I experienced was hardly weak or facing down a recession. It was just the opposite. It was booming. All these videos on YT about a pending recession or downturn - yet I see no evidence of it in real life.

[@johnqlunchbucket]

Powell lies.

[@NarveyTheDuckToller]

I completely agree with him, the wars are not being priced in. Most are only paying attention to jobs, int rates, and inflation. All of that won’t matter if we don’t sort out these conflicts first

[@MikeC_AMG_C63S]

I’m just here for Michelle’s cans 😻

[@tomsabb6458]

These experts can never think out of the box. They live in their cocoons.

[@rcstout6475]

Michelle: Another excellent interview with a great guest. Too bad he wouldn’t answer your question more specifically regarding the labor market @32:01. Nonetheless, well done.

[@wvhaugen]

Yes, the money supply is contracting. That is a good thing. In a world where central banks are reducing their treasuries and buying gold, shrinking the money supply is getting ahead of the curve. BTW, my compliments to Michelle and her team getting Hanke on the program. His main focus is money supply and this is quite a timely topic.

[@soldiernomore3843]

So is your money suppy contracting? It's our MM2 not the banks.

[@johningram5479]

These experts have been predicting a big FED pivot since the first month the FED raised rates, and here we are years later and they still haven't had this illusive big "FED pivot".

[@gabrieles8281]

I follow all your interviews and insights with great interest and they are among the best and most honest analysis that can be found on the web. I only ask you to make the interviews last less and try to concentrate everything in 15 minutes at most. Thank you so much

[@MrPetr74125]

There is one thing I do not agree with Prof. Hanke. He nor USA lived never through Russian occupation. Europe and specifically Eastern Europe we all remember and and wish for it no more. Thank you, but no thank you. That is why Europeans are willing to escalate, for if Ukraine fail we have Russia on our doorstep again. It may be that Europe would have to deal with Russia alone without the US.

[@Friendlyman2030]

What I don’t get is that the professor is talking about us money supply, but what about global money supply, not shrinking right, may that effect positively?

[@zeke5491]

Still have the elephant in the room 35.2 trillion dollars in debt and democrats want to spend another 7 trillion

[@nadeemahmed-ig2fb]

The only solution lies that governments should create their own debt free currencies instead of central banks worldwide....

[@AGoogleUser-h2r]

I’m llooking at it! We’re in a recession! Good grief!🙄

[@detectiveofmoneypolitics]

Detective of Money Politics is following this very informative content cheers from VK3GFS and 73s from Frank Melbourne Australia

[@Gabber44906]

I just looked up the M2 money supply. It is RISING how can this guy say it's dropping?

[@BillAdamson-bp9ff]

It was stupid of me to sell $76,000 worth of NVDA stocks without reinvesting. (Buying bonds or CDs is not for me). I’d rather stay 100% cash, or are there any other stocks that can 10x in 6 months? I have 180k ready to be reinvested..

[@jtcouch]

The FED, caught between the devil and the deep blue sea.

[@AngelEyes-xm7el]

The rabbit hole economy powell

[@Johnny-dp5mu]

Recession is already in place!!! All one needs to do is look around their communities! The major news providers will avoid telling you but you know better

[@henriettahong]

I foresee a recession lasting a while, and if inflation continues to surge, the Federal Reserve will likely raise interest rates again. Inflation is causing various issues worldwide, such as food shortages, scarcities of diesel and heating fuel, and significant spikes in housing prices, leading to a potential financial market crash. This global downturn could have long-lasting repercussions. Given the current inflation rate and market crash, my main worry is how to optimize my savings and retirement fund, which has remained stagnant at around $300,000, yielding almost no gains for quite some time.

[@pauline-o2q]

Thats when you hire someone to manage your money. You need a financial-advis0r straight up! Even while $300k might seem like much, one bad decision might seriously deplete it.

[@heatherj-o5j]

A lot of folks downplay the role of advlsors until being burnt by their own emotions. I remember couple summers back, after my lengthy divorce, I needed a good boost to help my business stay afloat, hence I researched for licensed advisors and came across someone of utmost qualifications. She's helped grow my reserve notwithstanding inflation, from $275k to $850k.

[@KarenJ.Mancia]

This is definitely considerable! think you could suggest any professional/advisors i can get on the phone with? i'm in dire need of proper portfolio allocation

[@heatherj-o5j]

Stacy Lynn Staples is her name. She is regarded as a genius in her area and works for Empower Financial Services. By looking her up online, you can quickly verify her level of experience. She is well knowledgeable about financial markets.

[@Saviourtina-c4i]

She appears to be well-educated and well-read. I ran an online search on her name and came across her website; thank you for sharing.

[@christopherf3918]

Yields went higher after the rate cut

[@soldiernomore3843]

porfit taking