Top economist warns of new recession indicator ‘no one’s pricing in’

Top economist warns of new recession indicator ‘no one’s pricing in’

American economist Steve Hanke has warned about what he believes could be a major recession signal that Wall Street is largely ignoring. Specifically, the Professor of Applied Economics at Johns Hopkins University pointed to a sharp contraction in the U.S. money supply as a key indicator of potential economic trouble later this year, he said in an interview with CapitalCosm. Hanke emphasized that while most market watchers fixate on interest rat…