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To: Sun Tzu who wrote (5323)	8/30/2022 9:05:00 AM
From: Sun Tzu	Respond to of 10687

The U.S. economy is going to fall into a recession next year, according to Steve Hanke, a professor of applied economics at Johns Hopkins University, and that’s not necessarily because of higher interest rates. “We will have a recession because we’ve had five months of zero M2 growth, money supply growth, and the Fed isn’t even looking at it,” he told CNBC’s “Street Signs Asia” on Monday. David Rosenberg, president of Rosenberg Research, also expressed skepticism over the Fed’s direction, but in other respects. He said the Fed is now “more than happy” to overtighten to get inflation down quickly.