Economist Hanke Predicts Recession This Year, Overvalued Stocks to Drop as Inflation Falls Below 2%
• Stocks are overvalued currently and will likely drop as a recession starts, per economist Steve Hanke
• Hanke expects a recession to hit the US economy this year as growth slows
• Inflation will fall below 2% by end of 2023 due to declining money supply, Hanke forecasts
• Hanke has accurately predicted high inflation in 2021 and its moderation in 2022
• Hanke warned last year stocks would slide and a recession was coming amid shrinking money supply