Lacy Hunt Says US Heading for 'Hard Landing'

Lacy Hunt, Hoisington Investment Management Co.’s 81-year-old chief economist, says the US economy is heading for a "hard landing." He speaks extensively to Bloomberg's Manus Cranny on "Bloomberg Brief."
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[@massonh7476]

LACY is way too smart for Bloomberg. 🤷‍♂️

[@harryireland1935]

I'm surprised they actually invited him. Usually it's the pivot-crowd, the insufferable sockpuppets that just drone up the narrative of 'everything's fine'.

[@conduit242]

That was painfully clear

[@crouchhill]

I was gonna say the same, they are all id1ots in Bloomberg.😂

[@Infinite_P]

I don’t watch financial entertainment much, but I think Bloomberg is the best of the heard.

[@Anonymint-vj7bt]

@@conduit242 What Lack Hunt is overlooking is that the powers that be are not going to allow the world to slip into a depression without creating a pretext to blame it on. Essentially he just laid out all the reasons that another pLandemic event is likely in H1 2024. Also an election year again and no way they can allow Trump to be elected. So what Hunt is not factoring in in the WWIII that the powers that be are launching in 2024. That can constrain supply chains and create the emergency powers situation again that they had under C19.

[@tonysilke]

Since the debt crisis could unleash carnage on the stock market leading to economic downturns. We need to be prepared for potential market volatility. how can I secure my $600K stock portfolio against declining?

[@Nernst96]

From what I've read, it seems to be a mix of factors. High government debt, corporate debt, and even personal debt are contributing to the instability. It's like a perfect storm. You should contact an expert to help you allocate stocks in your portfolio

[@PhilipDunk]

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“Vivian Carol Gioia” is the advisor that oversees my portfolio. She's been able to gain some reputation and online recognition with over two decades in service, so it shouldn't be a hassle to find basic info.

[@PatrickLloyd-]

I just looked her up on the internet and found her webpage with her credentials. I wrote her outlining my financial objectives and planned a call with her.

[@jhull5870]

This guy just won't give up.

[@geraldt331]

We can't ignore the potential impact on portfolios. Bonds are often considered a safe haven, and if they crumble, investors like me might scramble. I’ve been investing for 11 yrs and my $1m portfolio has never been this depleted, how i do hedge this?

[@lucaswilliams9992]

In fact, markets have incorrectly priced in such a pivot six times over the last two years, according to Deutsche Bank, which sounded cautious about this seventh time. Still showing us why pointers from market experts are essential

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[@Jadechurch-ql3do]

I'm being guided by “Leila Simoes Pinto’’ who is widely recognized for her competence and expertise in the financial market. She has a thorough understanding of portfolio diversification and is regarded as an authority in this field.

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I just googled her and I'm really impressed with her credentials; I reached out to her since I need all the assistance I can get. I just scheduled a caII.

[@yourdailyblockchain]

There is no way in hell I’d take government paper that’s debasing 7-9% per year and will only accelerate the debasement for decades to come Ad infinitum

[@tactileslut]

It sucks long term but a 5something return in $BIL beats nothing from a big bank while one decides what might do better, even in a 7-25% inflation environment depending on whose figures match your reality.

[@davidday9251]

Contemplated, experienced inquiry. Thanks Mr. Hunt.

[@greekbarrios]

The big guys and gals at Wall Street can hope for rate cuts all they want as long as it helps the market go up or stay on the green, and with a chance for my holdings go up. Thus, ideally, I am looking for ways to recover all my loss of about $150k before year-end. Amid uncertainties, anything is possible in the financial landscape.

[@MIchaelGuzman737]

The Fed has made it pretty clear they weren't close to cutting rates until inflation is back down to the 2% target. Rates need to be where they are now. People got spoiled on 2% rates and lastly have you thought of using an investment advisor? They can make you good money especially during uncertain times like this.

[@sommersalt88]

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[@CynthiaByrd648]

There has been so much knowledge shared here, I'm at a crossroads here with my portfolio and would like to see it grow. How can I contact this advísėr?

[@sommersalt88]

I can't divulge much but "THERESA DANA PEEK’’ is the advisor that oversees my portfolio. She's an extremely intelligent person, very thoughtful, cautious, and has an outstanding credentials, it's easy to find her on the web.

[@CynthiaByrd648]

Thanks for this advice. I curiously searched for her full name and her website came first. I looked through her credentials and did my due diligence before contacting her. Once again many thanks.

[@thomasotoole3212]

Dr Lacy Hunt is a consummate Classical Economist.. I have to listen to him twice, just absorb all his brilliant insights..

[@TheJuliaLaRocheShow]

I just had Dr. Hunt on my KZbin channel.

[@kevinobrien9271]

You must be smart. I listened three times and still don’t understand 😢

[@jcgoogle1808]

10:45 I agree with Lacy, Government spending is a negative multiplier wrt to contributing to GDP. A. Just look at the government buearacracy, waste and fraud that strips out a large percentage to manage the spending. B. In particular transfer payments and welfare and helicoptering checks and paying people to stay home rather than work no doubt is a negative multiplier. Now if we paid people to build Hoover Dams and stuff, like we used to in public works projects, it might approach one,.. but since we pay people to stay home and produce nothing,.. there is absolutely no way a multiplier reaches 1.

[@bradapotamus]

​@@TheJuliaLaRocheShowyeah, it was a good show

[@danielhutchinson6604]

@@bradapotamus Is that your estimation of the evolution of Capitalism? As the limitations of the system appear to have been exceeded, the expiration of the ability to prolong the use of the system seems to be limited?

[@yankee1789]

surpised they didn't cut his mic after wandering off the "soft landing" script ( the "everythings going to be OK" mantra)

[@johnm2178]

Thank you, Dr. Hunt.

[@c.t.u.o]

Investors sent stocks soaring on Tuesday, cheering the October Consumer Price Index report that showed inflation slowed more than expected last month.What is the greatest strategy to take advantage of the current bull market while I'm still deciding whether to sell my $300k worth of stocks?

[@kkybaggy]

A solid strategy can be a key component of an investor’s portfolio. Well, the bigger the risk, the bigger the reward and such impeccable decisions are better guided by professionals.

[@stillrising1999]

When it comes to investing, the stock market can be a fantastic opportunity, but it is not without risk. My advisor thought me Diversification is essential to balance possible rewards and risk, to consider a combination of stocks, bonds, and other assets. It's a good idea to consult with a financial advisor who can help tailor your financial plan to your specific goals and circumstances

[@ktube2020]

I get it, but I'm concerned about risk. What if I lose my savings in the market? Please who is this advisor that guides you?

[@stillrising1999]

I've shuffled through a few advisors in the past, but settled with 'Nicole Desiree Simon' her service is exemplary. I'd suggest you research her further on your browser, sure you'll find her basic info

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[@Pophead.]

We are in unprecedented waters - I don’t think anyone at this point can predict.

[@tmm226]

They can't, this is all still covid19 driven...

[@method341]

Exactly. Just DCA and don't pay any attention to these salaried 'experts'.

[@petersack5074]

ALL the signs, of a nation, going ' under ' fiscally....are now entering the ' STAGE ' of existence. Keep on, keeping on watching your own country , wax worse and worse ; morally, depraved / addictions / homelessness/ jobless people, too lazy to work =on welfare handouts, with PRINTED MONEY ...which is NOT REAL ! National debt, racking up a trillion or more twice a year....../ Such things. going up....must of the law-of-nature / physics....COME DOWN ! AND, down your USA will go....like Twin Towers, 22 years ago ; and Millenium Tower in San Fran. The USA financial ' tower ' will crash , as well. Watch 'n see. ! Good luck All // ((history /studier = This diverse field involves the research and practical application of how individuals interact and work with one another, and how groups operate. Strongly rooted in psychology and sociology, studies of human behavior give us an academic understanding of motivations, productivity, and how teams work. ))

[@nathanielcarreon5634]

More like a crash landing than a hard landing.

[@notseekingconverts]

He didn’t mention a major investor in US treasuries: Japan. There is talk of rate increases there, translating into selling and downward pressure on Treasuries.

[@jcgoogle1808]

They and the other major buyer, china, have been selling. I think he's wrong about this being the peak in yields,.. they're going to have to issue more debt and with fewer buyers as you pointed out, the yields will have to rise. But at 10:45 I agree with Lacy, Government spending is a negative multiplier. A. Just look at the government buearacracy, waste and fraud that strips out a large percentage to manage the spending. B. In particular transfer payments and welfare and helicoptering checks and paying people to stay home rather than work no doubt is a negative multiplier. Now if we paid people to build Hoover Dams and stuff, like we used to in public works projects, it might approach one,.. but since we pay people to stay home and produce nothing,.. there is absolutely no way a multiplier reaches 1.

[@matthewsmith2362]

It’s frustrating hearing all these experts tell us that inflation is going to solve it self, low demand is supposedly already lowering prices? The food and the grocery store and out to eat has not went down one cent. All our insurance policies are way up, our healthcare is more, every service like home repair and salon ect are far more expensive than even last year. So where are all these price drops happening? I don’t need a tv or a damn car, I need food and energy and they cost more and never go down. My power bill has only increased for as long as I can remember. Everything that I actually need has only gotten more expensive for as long as I can remember.

[@deseosuho]

When you hear references to "Inflation solving itself" that is always about a decline in the rate of price increases, not a decline in prices. A decline in prices is called deflation, and it doesn't happen except in the worst depressions of all time. The worlds where consumers experience declining prices across the board are the worlds where 20% of all people are unemployed. Google "M2 money supply" if you're curious. The total number of dollars in circulation is ~35% higher than it was in 2019. Those dollars will never go away. The only solution is to increase your earnings faster than prices increase.

[@jameslovering9158]

@@deseosuho Giant ponzi scheme printing ever more dollars at faster rates than growth in productivity or population.

[@SexCrispy1]

Amazing Vid

[@FamousInvestingQuotes]

Awesome Lacy Hunt

[@pictureworksdenver]

Real market events and financial conditions are lately exposing Dr Hunt's understanding of the economy as woefully outdated.

[@user-fp9ed4ji7v]

bond yields will keep rising becos US debt is becoming poorer quality and less people want it.

[@method341]

When an economist says something, the exact opposite usually happens.

[@LajitasRain]

Same for the Fed.

[@EricHart-il2sz]

So, Larry Summers is wrong.

[@glennnielsen8054]

You could also say it in another way. You should always, as always, be concerned when the government meddles in the economy with other people's money.

[@foxboroconsultinggroupinc.7423]

What we have here is liquidation of investment capital, aka monetary contraction, similar to flushing a capital toilette!!

[@GenXstacker]

Bond bulls about to get Hoisingtoned 😂 Hunt has been wrong since 2020 and he's still wrong.

[@jwpickett]

Been right since early 80’s and will forget more about rates & the economy than you’ll ever try to learn little man

[@drscopeify]

​@@jwpickett I don't think you comprehend how silly your comment is. The S&P500 since 1980 to today has a return of thousands of percent like 12,000% or whatever you are going to tell me that bonds have done better?

[@drscopeify]

Spot on!

[@jwpickett]

wow, you're really dumb! never said anything about returns of bonds vs. stocks. what I said is clearly above your comprehension @@drscopeify

[@dontdoitbro5495]

Damn i thought a hard landing is coming but now lacy hunt agrees. Not so sure now. This guy said inflation wasnt going to happen and we were goong to deflation and he was saying this early 2021😅😅😅😅

[@kmolsen7308]

Do you have a source on his stance back in 2021? I'd like to read up on it.

[@cennamo66]

@@kmolsen7308 He is correct. This is a quote: In his most recent 4Q20 review and 2021 outlook, Dr. Lacy Hunt reiterated his long-term bullish view that the long dated U.S. Treasury rates will eventually gravitate to lower levels as inflation continues to recede.

[@MRT-co1sd]

He’s right in the long term but wrong in the short term. The problem is to get to the long term you need to go through the short term and by the time you get to the long term it is no longer the “long term” it’s the short term. So he’s never wrong since his focus is always 18 months out, at the same time his focus is always useless but somewhat entertaining 😂.

[@peterbedford2610]

Yeah. He was way wrong

[@damianellis1845]

That is because he did not believe the fed would blur the line and step out of the federal reserve act

[@jakw97]

The cheerleaders say no landing, the veterans say BAD NEWS. Take your pick for monetary understanding.

[@commissarcarr2463]

Why would you want Bonds with so many possible Bankruptcies, US Govt so in debt maybe it will Term out Various T-Bill Notes ect to address and print. Also possibly new normal for structure embedded inflation of 5-7% in stuff you have to buy vs wants, due to falling production (Less goods/Demographics ) and more paper money chasing.

[@cowymtber]

As the economy goes into recession (if you believe this will happen), then the fed will be forced to cut rates (see Druckenmiller latest interviews). When rates go down, existing bond prices go up. For instance, you buy a 30 year today at 4.6%. In one year the rate is now 3.6%. The 30 year treasury that you hold issued at 4.6%, its price has now gone up about 18%. You have made 18% on your investment.

[@ssuwandi3240]

Depending on oil supply and demand. Multi currencies commodities would be abs nail in the coffin. Dont forget the trifecta.. they broke it for the first time

[@pasqualeperri5661]

demographics destiny just as we roll ou AI?

[@Mike0in0Texas]

@@cowymtber I guess I need to buy bonds like my financial advisor is advising me to do

[@cowymtber]

@@Mike0in0Texas But, if inflation persists and/or turns higher again, the fed will raise again, making your bonds less valuable. Rates may stay elevated keeping your bonds down, for however long raites stay high. The point is, its possible rates will go higher.

[@the_investor9836]

Theres also foreign savings though

[@antpoo]

Sick of the metaphors. What is a ‘hard landing’. I want details.

[@williamfowlkes9767]

It simply means that the Fed's efforts to bring down the rate of inflation will result in a severe recession as opposed to a mild one or none at all.

[@peterbedford2610]

He said we would not get inflation a while back

[@sbain844]

With regard to the shrinking money-supply, Lacy continues to miss the elephant in the room i.e., the mountain of growth since 2008 and since the Basel 3 accord. That mountain still resides in financial assets and real estate, and while I agree that it is declining, it only requires a larger proportion of what remains to circulate in the goods market for consumer prices to explode higher. This is already happening, and most reasonable economists expect more and more money to flee financial assets and real estate as the coming recession takes hold. In its place, more and more money will flow into consumer markets via loans & credit extensions, along with extra govt deficit spending. In short, the shrinking overall money-supply can coexist with an increasing money-supply in the goods market, and thus rising consumer price inflation. It seems to me that Lacy has never really considered this point, and that probably explains why he has been so wrong with his previous inflation forecasts. For the reasons given, I expect accelerating inflation in the coming months and years, not decelerating inflation, and certainly not deflation (which is something Lacy had previously predicted, although he seems to have recently shied away from).

[@Anonymint-vj7bt]

Yours is a very relevant point that the wealth effect drives consumer confidence and financial markets are now a much more outsized portion of the economy than back in the old days when Lacey Hunt cut his teeth as a young economist. And the powers that be understand they can goose this wealth effect by creating a crisis to force the Fed to drop rates. Also you are correct to imply that Boomers are downsizing, liquidating assets as they age to fund their lifestyles. Also they use any crisis drop in interest rates to move, refinance, take out home equity credit, etc.. Boomers are astute this way. Also Lack Hunt is overlooking is that the powers that be are not going to allow the world to slip into a depression without creating a pretext to blame it on. Essentially he just laid out all the reasons that another pLandemic event is likely in H1 2024. Also an election year again and no way they can allow Trump to be elected. So what Hunt is not factoring in is the WWIII that the powers that be are launching in 2024. That can constrain supply chains and create the emergency powers situation again that they had under C19.

[@jcgoogle1808]

The bigger elephant in the room is that the M2 money supply grew by nearly 50% between Q2 of '20 to Q3 of '22. It's only fallen a few percent since the Fed started QT. With rates at these levels and QT continuing, I don't see M2 increasing,... but if they don't reign in deficit spending inflation will certainly go higher. And with rates at these levels the deficits will increase just to pay the interest on the debt. So I disagree with him that yields are at the peaks. They still have a ton of issuance to do. But at 10:45 I agree with him that government spending is a negative multiplier. A. Just look at the government buearacracy, waste and fraud that strips out a large percentage to manage the spending. B. In particular transfer payments and welfare and helicoptering checks and paying people to stay home rather than work no doubt is a negative multiplier. Now if we paid people to build Hoover Dams and stuff, like we used to in public works projects, we might get a return in the "investment", it might approach one,.. but since we pay people to stay home and produce nothing,.. there is absolutely no way a multiplier reaches 1. And using tax payer money to pay highly profitable companies to build factories in the US is justshitforbrains stupid. 1. They have the money 2. all the government has to do is outlaw buying things that impact national security from "these" (antagonist, enemies,..) countries.

[@sbain844]

@@jcgoogle1808 I agree with your comments, and I was referring to all money-supply growth since 2008 - so that includes the Covid response spending in 2020 and beyond. I also agree with Lacy about the negative multiplier. I actually used to work for a public sector agency in economic development; I used to joke that we stood for 3 things - inefficiency, incompetence, and corruption. For every £1 we spent, the taxpayer was lucky if he got 30 pence of value. All government funded projects come in way over budget, and long overdue. The amount of waste involved in anything government touches is utterly obscene. Yields will indeed likely head way higher in the coming years; that's just a natural and unavoidable consequence of higher inflation and our insolvent public finances.

[@Anonymint-vj7bt]

@@jcgoogle1808 indeed the coup d'etat that has captured the dollar hegemony is wrecking the world. This is the end game. It ends with the Thucydides trap of a horrific WWIII by-design which is already underway. WWIII is the solution. It will force the world's capital to stampede into the dollar both for a flight-to-safety and meet margin calls on EuroDebt, defaulting all EuroDollar debt in a scorched earth spiral, that wipes out the entire otherwise inescapable inertia. This of course also depends on the U.S. military being severely weakened in the process. The die has been cast, as U.S. has insufficient industrial capacity to sustain its military without China as the supplier. Bitcoin is waiting in the wings to be the next reserve currency in the new multipolar world. This was all predicted on the Denver Airport wall murals since the 1990s, ditto the 1988 Economist Magazine cover story which anointed Bitcoin.

[@DonRua]

1:50 OTL? MM? Money Supply?

[@hugh261]

Corporate greed will save us.

[@stevenk195]

...for lack of a better word, is good.

[@firstlast8258]

Speak for yourself 🤓🖕

[@kentuckycowboy7660]

😂❤🎉 of course…Quote by Ernest Hemingway: “How did you go bankrupt?" Two ways. Gradually,...” Ernest Hemingway - 'How did you go bankrupt? Two ways. Gradually, then suddenly.'

[@detectiveofmoneypolitics]

Economic investigator Frank G Melbourne Australia is still watching this very informative content cheers Frank as subscriber 😊

[@WeekendsOutsideFL]

The unsustainable US economy is because the U.S. has moved from a producing economy to a service economy, which doesn’t have as much umph behind it. Money isn’t money it’s just a measure of production of energy and product. Production and self sufficiency and liberty has been stripped from the general population over decades, so most people today merely consume but don’t produce. Political and conflict, social madness. society became too complex and oppressive, so the Covid Boom, which was more intense than the 2004 housing boom, will deflate intensively and lead to a depression whether by deflation or runaway inflation I see the result is the same: a rough time.

[@seansweeney8394]

That long duration huh? 😂 Comical

[@klmn2000]

I think Manus Cranny needs to take some economics 101 courses - and fast. How the heck can we have a 'higher for longer' interest rate environment when GDP growth is set to go negative (i.e. recession)? The implication of all these 2024 Fed cut predictions is that the street are pricing in (and have mostly positioned for) a recession in 2024. Doesn't Manus understand that inflation, UST benchmark yields and GDP growth rates all converge to more or less the same number in the long term? Higher for longer (rates) while inflation is at or below 2% target and GDP growth is negative is a completely nonsensical and fictional outcome! It will never happen. The minute we get negative NFPs (followed by contracting GDP) and crashing equities markets, the Fed will cut - it won't even wait until inflation reaches target (assuming it hasn't already done so by then). Come on Manus - you can do better! You're falling for the 'higher for longer' brainwashing you have been hearing from your interviewees - many of whom benefit from higher rates as for e.g. on the buy side with mutual funds, it makes achieving their target returns that much easier when the risk free rate is almost 5%.

[@jackjanpour8532]

Nothing that a new war cannot fix!

[@tinoyb9294]

It will be if the 10% that own 90% of the stock market make it so.

[@HectorYague]

"The inflation problem has already been solved". I know that Mr Hunt is a macroeconomics erudite, so I just cant understand how he can make such statement with a 8% deficit/GDP and ever-growing debt issuance...

[@skyfinancellc9538]

I am not an economist, but I think those are separate issues. That was a very surprising statement he made. But he did say that he sees inflation going down to 2% (I forgot when?) so I assume he means that the trajectory that the Fed has "dialed in" will take us there "automatically" if nothing exceptional happens (e.g. US gets bombed). But solving "inflation" doesn't solve the debt balloon that has already grown so huge.

[@HectorYague]

@@skyfinancellc9538 Rampant fiscal deficits and inflation are not two separate issues, as fiscal deficits are fuel to inflation. Research on that topic and Mr. Hunt's statement will seem surprising to you too.

[@skyfinancellc9538]

@@HectorYague America has had fiscal deficits for as long as I can remember. Not as bad as today but bad nevertheless. But this "inflation" thing has been under control for at least a decade even as we've had reckless gov't spending and deficits. That's what I mean.

[@HectorYague]

@@skyfinancellc9538 inflation has definitely NOT been under control for a decade. What you mean is CPI, but that is not "inflation". Inflation, instead, is the growth of money supply compared to GDP. So, actual inflation (not CPI) has been very observable in financial assets for over a decade: check the prices of real estate or the SP500 throughout the 2010s: up and up and up, meaning that the value of each dollar compared to any of those assets has been going down and down and down. Inflation due to irresponsible monetary (and recently fiscal) policies has been rampant for many years - it is just that said inflation is now extending from the financial markets to the retail markets, and therefore regular folks and mainstream media are beginning to notice it. And what about moving forward from here? Well, like I said before, it is absolutely impossible for an economy to contain (let alone reduce!) inflation while running 8% annual deficit vs GDP, so I fail to understand Mr. Hunt's statement in the video. I reiterate my invitation for you to research on the correlation between growing deficits and inflation, and I am sure said statement will seem puzzling to you too.

[@gremaley1]

@@skyfinancellc9538 never with debt to GDP at 125%. That is the one data point that changes everything. Anybody notice the recent Treasury issuance switch from the long end to T-Bills (short end)? Net buying of long duration Treasuries by other countries has gone almost to zero... T-Bills still have close to $1Trillion in the reverse repo facility that can be used to fund them... what happens in late February when the Reverse Repo runs dry? Who will be buying our treasuries then?

[@JJS73]

Buckle up. Things are going to get very sporty very soon.

[@firstlast8258]

Too late for that

[@paulday7427]

LH likely the finest mind in our time.

[@bullishforgold8790]

Why is everyone so negative. The S&P is up 15% on they ear and I think that says it all.

[@lucmarchand617]

I hear about him in oilfield here calgary alberta.i hope write a new book this very smart and well know man.he just explains out control gov't spendind.he have clown in ottawa and nobody stand up to him.thank you video nice.😮

[@DrunkenXiGinPing]

I totally agree !!! The markets will collapse ! Propel with patience will win !

[@kurdi98k]

I am actually surprised by this assertion. If the SP500 hits 5000 in 2025 I will not be able to forgive his wisdom :D.

[@75pdubs]

It will hit 5000 in 2023

[@tmm226]

With millions of jobs availabe?? Everything is fantastic🎉🎉

[@user-sb5tz8mh3t]

They will print...moar! Regardless...thats all they can do...depressing?

[@davidgray3321]

Oh dear more cast iron predictions, fortune tellers are usually wrong.

[@shammusomalley8986]

which means higher interest rates for longer, because that's what it's going to take for that 40% of foreign "US debt" owners to have the appetite to buy US debt.

[@matthewsmith2362]

10 year is gonna have to go up Last 2 auction results were awfully terrible. They can’t sell them, nobody’s buying at that price…. Back up to 5% and soon too Then 5.5 and that’ll push the 30 year fixed rates up some more Serious cracks are forming. It’s just slower than people want or expect

[@dudleyowens]

Doesn’t he have a daughter named Lacey Underalls?

[@user-sg2xj6fn3l]

Right now there is no landing in sight. The economy is still flying high.

[@HouseofTheRisingFunk]

Wrong.

[@philiscoolerthanu]

Lacy Hunt is often associated with Keynesian economics. He has been influenced by the ideas of John Maynard Keynes and has written and spoken on topics related to Keynesian economic principles, such as the role of government intervention in the economy and the importance of fiscal and monetary policy in managing economic cycles. check the most recent sources to understand an economist's current perspectives and positions.

[@JonathanDavis1]

Hunt is the consummate classical economist. Can't stand Keynes. Reveres Smith and even more Ricardo.

[@philiscoolerthanu]

@@JonathanDavis1 Lacy Hunt's views differ from Austrian economists in several key areas: 1. **Monetary Policy:** Lacy Hunt often emphasizes the role of monetary policy and the impact of changes in money supply on economic outcomes. Austrian economists, on the other hand, tend to be critical of central bank interventions and advocate for a more hands-off approach to monetary policy. 2. **Interest Rates:** Hunt, drawing from monetarist and Keynesian perspectives, may focus on interest rates as a tool to influence economic activity. Austrian economists, in contrast, stress the importance of market-determined interest rates and criticize artificial manipulation by central banks. 3. **Government Intervention:** While Lacy Hunt recognizes the role of government in managing the economy, Austrian economists typically advocate for minimal government intervention, promoting free markets and spontaneous order. 4. **Debt:** Hunt is known for his concern about the negative impact of excessive debt on economic growth. Austrian economists share this concern but may attribute it to different factors, such as malinvestment resulting from artificially low interest rates. In summary, while both Lacy Hunt and Austrian economists share concerns about the consequences of economic policies, their perspectives on the role of government, monetary policy, and market forces differ. Hunt's views are more closely aligned with mainstream economic thinking, incorporating elements of monetarism and Keynesianism.

[@Michaeldotcom33]

Wrong on that one

[@MsElaine122]

Hmm, buy TLT. what I'm in and some TMF.

[@adelmomontero3554]

Sounds like this guy is listening to Peter Zeitan

[@selma5885]

He's been saying this for a very long time now. Maybe maybe not.

[@user-pz8db3oh9y]

Seems like the government trying to kick the collapse down the road in the hopes technology and productivity saves us.

[@richjoyal]

We are heading towards an economic crisis that cannot be solved by economic policies. Just like WW2 saved the US economy, the Ukraine war has been helping the US economy. US may need an additional new war to save its economy. Either China or Russia is too big for US to chew, I would pick Iran.

[@Anonymint-vj7bt]

Exactly. Lack Hunt is overlooking is that the powers that be are not going to allow the world to slip into a depression without creating a pretext to blame it on. Essentially he just laid out all the reasons that another pLandemic event is likely in H1 2024. Also an election year again and no way they can allow Trump to be elected. So what Hunt is not factoring in is the WWIII that the powers that be are launching in 2024. That can constrain supply chains and create the emergency powers situation again that they had under C19.

[@ninezerotwo1778]

Yup. For us to gain, there has to be someone who loses. i.e. the warring countries

[@matthewsmith2362]

Iran is one of the few places left without a central banking system For whatever that’s worth I’m sure the world banker just love that😂

[@dorispowers9060]

Credit card debt goes up $486,000,000 every 24hrs. Or 3.5 billion dollars a week. According to the national debt clock. People there is no way this can keep up. Someone is not going to get repaid. Our entire economy is running on debt.

[@OldLion64]

This is why workers are demanding more money and are at the point where they will not accept less. Especially the younger generations that can make more money being a dungeon master on META than being a corporate staff employee. Corporations are in for a big surprise. This will cause core inflation to stay up even though food and energy is coming down.

[@WORDONTHESTREETphoto]

He was wrong according today market went thru roof

[@Elsa-qy9hr]

And if you believe that i have some prime real estate to sell you in Zimbabwe 😂

[@firstlast8258]

I would move there if you paid for it

[@teamrecon2685]

Demographics is destiny!

[@user-sb5tz8mh3t]

Stagflushion here we go

[@chobson8602]

Lacy Hunt, Hoisington Investment Management Co.’s 81-year-old chief economi just retire old boomer

[@grantsapain]

& world war...

[@ResourceAnalytical_com]

Dr. Hunt, greetings from Nacogdoches.

[@clintcowan9424]

Demographics is destiny

[@skyfinancellc9538]

Seems like a strange statement to me. But he kind of explained it in a non-exacting way, right? My "interpretation" was that he was saying that a country has to have a large *young working population and it must have a lot of babies being created* so as to have a "good destiny". Then he said that this is not the case for the 4 largest economies of the world. That would be US, China, Japan, and uh ... whoever, as I understand. So we're all getting old and increasingly non-productive. Worse yet, we're becoming increasingly dependent upon our Gov'ts for Soc. Security, Medicare or the equivalent outside the US - all of which is making our "destiny" much worse.

[@thetiredtourist3927]

I bet he is wrong

[@Notrocketscience101]

He always is.

[@lawrencefeldman462]

Rates drop off. 3.50%. In 2024. Ten year

[@RobertojavierSilvaharth-ub3pz]

Far more worse... ? Doctor, Doctor, give me the news; you got a bad case of grammar blues!!

[@Anthony-dj4nd]

💩

[@firstlast8258]

Yes you are

[@sedonatvcom]

lacy's good

[@stevemiller1345]

All I hear was a monotone blah blah blah