We’re Sleepwalking Into Recession – This Is the Market’s Final Gasp Warns Steve Hanke August 6, 2023 Unipro2013main Economics, News, World Economy, World News </p> <h2>Fitch Ratings downgraded the U.S. credit rating</h2> <p> Fitch Ratings downgraded the U.S. credit rating from a stellar “AAA” to “AA+” earlier this week, citing “a steady deterioration in standards of governance” and overwhelming debt as motivating factors in its decision. Today, Daniela sat down with Steve Hanke, an applied economics professor at Johns Hopkins University. Steve argues the Fed’s aggressive rate-hike policy has caused the burden of today’s out-of-control debt to weigh heavily on everyday people. He says, “They’re just running the numbers, and the numbers aren’t sustainable. The burden of the debt is increasing tremendously.”</p> <p>Steve also contends that the Fed is using rate hikes as a guise to keep prices elevated for<br /> consumers. “Inflation is a hidden tax. No one votes on it. It’s imposed in an undemocratic way. Inflation is a bad deal,” explains Steve. He concludes by warning investors that the markets will remain volatile moving forward, highlighting the money supply as an indicator for an eventual turnaround. “We’re sleepwalking into turbulence in the market. For some reason, people think this ‘soft landing’ thing is in the cards… I’m saying no,” he asserts.</p> <p>⭐️ Join Daniela Cambone’s exclusive community ➡️ https://danielacambone.com<br /> #inflation #investing #stockmarket #federalreserve #investing</p> <p>00:00 Steve Hanke Introduction<br /> 2:14 Implications of the Fitch Downgrade<br /> 6:01 Why Downgrade Now?<br /> 7:49 Janet Yellen Says Downgrade is ‘entirely unwarranted’<br /> 10:04 Is Inflation the Only Way Out of Debt?<br /> 13:41 Swiss Debt Break Model<br /> 16:31 USA Monetary Status<br /> 18:19 RFK Jr. Gold and Bitcoin Backing Dollar<br /> 19:56 BRICS Conference Approaching<br /> 23:05 Change in the Money Supply?<br /> 25:13 Avoiding a Recession<br /> <br /> Credit to : Stansberry Research</p> <p> Please support our Sponsors here :
