Reported 21 days ago
In a recent discussion on Yahoo Finance, economist Steve Hanke warned that the United States is heading towards a recession, pointing to the Federal Reserve's slow response in cutting interest rates as a key factor. He noted that the shrinking money supply since July 2022 typically signals economic downturns, cautioning against investing in high-risk assets and advocating for safer options like U.S. Treasuries and gold. Hanke also expressed doubts about the economic policies proposed by both U.S. presidential candidates.
Source: YAHOO