Investors are ignoring the risks of market turmoil and a recession in early 2024, Steve Hanke warns.
The full impact of the decline in US money supply hasn't been felt yet, he says.
Hanke is worried about the federal debt, but doesn't see BRICS nations threatening dollar dominance.
"I'm saying, 'No, we haven't seen the decline in the money supply hit the real economy yet,'" Hanke continued.
"Money is a fuel that runs the economy, and we had a huge buildup of excess fuel," Hanke said.
Persons:
Steve Hanke, hasn't, Hanke, Johns Hopkins, We're, Ronald Reagan
Organizations:
Service, Johns, Stansberry Research
Locations:
Wall, Silicon