Economist Reveals Trigger For 'World Depression' | Steve Hanke
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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