Stocks look "pretty pricey" and a recession is "right around the corner," Steve Hanke told Insider.
Hanke sees inflation cooling, 10-year Treasury yields falling, and house prices staying afloat.
As for the housing market, Hanke noted there's a shortage of homes for sale.
Steve Hanke is professor of applied economics at Johns Hopkins University.
"With lower inflation and a recession right around the corner, I anticipate that the 10-year yields will come down and the gap will close," Hanke said.
Persons:
Steve Hanke, Johns Hopkins, Hanke, Portia Crowe, Ronald Reagan, Price, bode
Organizations:
Treasury, Service, Johns Hopkins University, Toronto Trust, Federal
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