Economist Reveals Trigger For 'World Depression' | Steve Hanke
October 8, 2024
37 min
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October 8, 2024
Economist Reveals Trigger For 'World Depression' | Steve Hanke
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37:25This episodeEconomist Reveals Trigger For 'World Depression' | Steve Hanke
Summary
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Steve Hanke, Professor of Applied Economics at Johns Hopkins University, discusses the labor market, oil spike, geopolitical tensions in the Middle East, China's stimulus package, and U.S. Presidential election odds.
Watch Doomberg's $200 oil call: https://youtu.be/MgNqa9l4xh0?si=DfJlzGulYSA3z2q-
Watch Prof. Hanke's reaction to the Fed's 50 Bps cut in September: https://youtu.be/5OH76PBYxIs?si=AJ08eojKdEAXnyTP
*This video was recorded on October 7, 2024
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0:00 - Intro
0:30 - Latest jobs report
6:23 - Wages and inflation
7:47 - Trump and labor market
10:50 - Immigration and economic impact
13:35 - Government jobs added
16:46 - Government spending as % of GDP
18:25 - China stimulus
23:00 - Oil and geopolitical tensions
27:15 - This would cause 'world depression'
28:55 - Presidential election odds
35:00 - Kamala Harris's economic plan
#economy #geopolitics #investing</p>
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