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.

Watch Doomberg's $200 oil call: https://youtu.be/MgNqa9l4xh0?si=DfJlzGulYSA3z2q-

Watch Prof. Hanke's reaction to the Fed's 50 Bps cut in September: https://youtu.be/5OH76PBYxIs?si=AJ08eojKdEAXnyTP

*This video was recorded on October 7, 2024

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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