Top economist Steve Hanke says stocks look expensive – and a recession is 'right around the corner'

  • 📰 YahooFinanceCA
  • ⏱ Reading Time:
  • 17 sec. here
  • 2 min. at publisher
  • 📊 Quality Score:
  • News: 10%
  • Publisher: 63%

Australia News News

Australia Australia Latest News,Australia Australia Headlines

Stocks look 'pretty pricey,' and a historic drop in the US money supply signals a recession looms in the first half of 2024, Steve Hanke told Insider.

Remember Greta Thunberg? the popular Swedish activist's net worth has baffled everyone -- House Republicans are probing Fulton County District Attorney Fani Willis as she prosecutes Donald Trump and several of the former president’s allies on charges they conspired to reverse Georgia’s 2020 election results.

Mayor Olivia Chow's new executive committee has approved a plan to deal with Toronto's grim fiscal situation after city staff recommended a slew of new taxes and fees to head off a financial crisis.The approval means a city staff report and its recommendations will be considered by council at its September meeting.

We have summarized this news so that you can read it quickly. If you are interested in the news, you can read the full text here. Read more:

 /  🏆 47. in AU
 

Thank you for your comment. Your comment will be published after being reviewed.
Please try again later.

Australia Australia Latest News, Australia Australia Headlines

Similar News:You can also read news stories similar to this one that we have collected from other news sources.

Stock market today: Tech stocks rally after blowout Nvidia profit, while rest of Wall Street driftsTechnology stocks are jumping in early trading following a blowout profit report from Nvidia, but moves for the rest of Wall Street are more muted. The S&P 500 was 0.3% higher early Thursday, continuing a strong week that has trimmed its loss for August so far.
Source: CTVNews - 🏆 1. / 99 Read more »

Stock market today: Tech stocks rally after blowout Nvidia profit, while rest of Wall Street driftsNEW YORK (AP) — Technology stocks are jumping in early trading following a blowout profit report from Nvidia, but moves for the rest of Wall Street are more muted. The S&P 500 was 0.
Source: SooToday - 🏆 8. / 85 Read more »

Stocks retreat after Powell delivers cautious message: Stock market news todayStocks reversed lower Friday morning after Fed Chair Jerome Powell said the central bank is 'prepared to raise rates further.'
Source: YahooFinanceCA - 🏆 47. / 63 Read more »

Asia Stocks Set to Climb as Treasury Yields Recoil: Markets WrapShares in Asia were poised to advance after US stocks rallied and Treasury yields retreated following lackluster economic reports that support the case for the Federal Reserve to pause interest rate hikes.
Source: BNNBloomberg - 🏆 83. / 50 Read more »

Bond Yields for ‘New Era’ Lure Dividend Investors From StocksThe prospect that global interest rates may remain higher for longer is tilting the case for some investors to own more bonds over stocks.
Source: BNNBloomberg - 🏆 83. / 50 Read more »