Hanke Warns: Inflation, Stock Bubble Loom Large

Economist Steve Hanke from Johns Hopkins University warns of two major threats in the U.S. economy: inflation and a stock market bubble, particularly in AI. He points to the surging M2 money supply, recent Fed actions, and increased Treasury bill issuance as factors contributing to inflation. Hanke predicts a potential Wile E. Coyote moment for stocks, advising investors to rebalance their portfolios to prepare for a drop.The Daily News Now! — Every city. Every story. AI-powered. Hosted on Acast. See acast.com/privacy for more information.