Economist Reveals Trigger For ‘World Depression’ | Steve Hanke
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.
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
Credit to : David Lin