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

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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.

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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.

 

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