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The Latest Breaking News from Steve Hanke

Top economist on Trump's 'deadly cocktail' for the bond market — and how the bond vigilantes have crossed Scott Bessent's 'red line'

"The bond vigilantes have come out of hibernation," Johns Hopkins' Steve Hanke told Fortune, and "the inflation genie is out of the bottle."

Fortune

Ron DeSantis Sounds Alarm on Record Budget Deficit, Blames Congress for ‘Failure’ of Elon Musk’s DOGE: ‘The Swamp Won’

Florida Governor Ron DeSantis (R) expressed his views on the failure of the Department of Government Efficiency (DOGE), attributing it to Congress’s inability to enact budget reductions.

Benzinga

Top Economist Tells Trump How to ‘Fix’ the US Government, Calls for Executive Order Creating a Task Force to Rewrite America’s Fiscal Rulebook

Johns Hopkins economist Steve Hanke is urging President Donald Trump to create a Government Transformation Task Force by executive order, arguing Washington needs a new "fiscal Constitution" to impose discipline on a federal government he says has grown beyond effective control.

Benzinga

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Japan and the U.S. just spent billions to try to save the yen. Why is it already losing ground?

Economists point out that the U.S.-Japan intervention—as significant as it may be—doesn’t tackle the underlying reasons behind the yen’s weakness.

Fortune

Top Economist Says Washington Can’t Fix Its Own Debt Addiction, Calls for Constitutional ‘Debt Brake’ to Stop $40 Trillion Crisis

Johns Hopkins economist Steve Hanke says Washington cannot discipline its own borrowing and argues that only a limited Article V Constitutional Convention focused on fiscal responsibility can halt America’s debt buildup by allowing states to propose a binding "debt brake" amendment.

Benzinga

Top Economist Steve Hanke Has a Blunt Response to Trump's Claim That Tariffs ‘Made Us Rich': 'WRONG'

Johns Hopkins University economist Steve Hanke rejected President Donald Trump’s claim that tariffs enriched the United States, arguing that American businesses and households ultimately bear the cost of import duties.

Benzinga

Top Economist Says Mohammed Bin Salman ‘Forced Trump to Back Off’ Iran Strikes With a ‘Credible Threat’ to Unload US Treasuries

Economist Steve Hanke said Saudi Crown Prince Mohammed bin Salman forced President Donald Trump to abandon planned strikes on Iran by threatening to unload the kingdom’s U.S. Treasury holdings.

Benzinga

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Top Economist Warns China’s Rare-Earth ‘Chokehold’ Could Force Trump to Go Easy on Tariffs Before Meeting Xi in September

Economist Steve Hanke believes China’s dominance of rare-earth processing and permanent magnets will deter President Donald Trump from escalating tariffs before Chinese President Xi Jinping’s visits the United States in September.

Benzinga

Michael Burry Warns Nvidia's 'Overreaching' Is Pushing Circular Spending to 'Biblical Proportions' Amid Surge in Credit Default Swaps

‘Big Short’ investor Michael Burry is sounding the alarm on Nvidia Corp. (NASDAQ:NVDA), claiming the AI giant’s strategic financial “overreaching” has escalated its “circular spending” to “biblical proportions,” which he argues is driving a massive spike in the company’s credit default swap risks.

Benzinga

Why IBM just suffered its worst stock crash of all time—and what it says about the 'dual bubble' in markets

The earnings behind AI stock may never have been real in the first place.

Fortune

'We are in a new era': Trump's bombshell $2.2 billion income haul, the 'Big Player Theory' and what happens when the president becomes the bubble

In the age of artificial intelligence, Syracuse University's Robert Koppl, progenitor of "big player theory," told Fortune, we have "augmented ignorance."

Fortune

Ray Dalio just finished a 10-day trip to China. He says global leaders know America ‘doesn’t have what it takes to fight to maintain its empire’

“Over the past few months there has been a big shift in the world order,” the hedge fund billionaire wrote. He sees a “tribute” system rising in the East.

Fortune

Goldman: AI will save the economy someday. First, it has to stop inflating it

The AI productivity boom hasn't quite arrived yet, but the inflation from building it has. Maybe Gen Z is onto something with their AI rebellion.

Fortune

Most of Wall Street points to high oil prices as the driver of inflation. A maverick Johns Hopkins economist says they’re chasing the wrong culprit

The oil crisis will end with the war; it’s the inflation predicament that has legs, predicts Steve Hanke of Johns Hopkins.

Fortune

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Fortune

‘Good for Russia, good for China, bad for America’: How the Iran war is reshaping global economies and power

Stagflation, unemployment, recession: The Iran war is rewriting the global economy, and the damage may be permanent.

Fortune

White-collar workers are quietly rebelling against AI as 80% outright refuse adoption mandates

"AI didn't deliver," Johns Hopkins professor Steve Hanke told Fortune. "Welcome to the real world. Forget the AI bubble."

Fortune

Trump just raised the $39 trillion national debt with the largest budget hike since World War II—and nobody can figure out how to pay for it

“MAGA was told an untruth by Trump—no foreign wars, no adventurism,” Steve Hanke told Fortune. “This is a massive militarization.”

Fortune

Fed favorite Rick Rieder knows more about the bond market than anyone in America

As he eyes the next Fed chair, nothing’s a bigger deal in Trump’s policy decisions than what makes the bond market thrive or tank.

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Benzinga

Ronald Reagan-Era Economic Advisor Steve Hanke Calls Bitcoin's Government Shutdown Rally A 'Flight Of Fantasy'

Veteran economist Steve Hanke dismissed Bitcoin’s (CRYPTO: BTC) rally amid the federal government shutdown as a “flight to fantasy” on Tuesday.

Fortune

Trump's tariffs are bringing in a 'very significant' amount of revenue, top analyst says: Roughly $350 billion a year

Fortune's Shawn Tully and Steve "the money doctor" Hanke have argued that they bear a strong, uncanny resemblance to a tax western Europe has had for decades.

Benzinga

Trump's Tariffs 'Shredded' Decades Of West's Efforts To Wean India Away From Moscow, Says John Bolton

Former national security adviser John Bolton sharply criticized President Donald Trump's tariff strategy on Monday, arguing it has undermined decades of Western efforts to draw India closer and counter China's rise.

Radio France Internationale

Iran faces water crisis and blackouts after deadly conflict with Israel

Iran is facing a severe water and electricity crisis just weeks after a deadly war with Israel brought the country to a standstill. Although the extreme heat has eased, reservoirs are running dry, daily blackouts continue and economists say years of poor planning and corruption have left the country dangerously…

Fortune

A new book makes the case for putting money supply at the center of the U.S. economy and re-empowering commercial banks

“Making Money Work” argues that policymakers should once again make banks the centerpiece of the financial ecosystem.

Fortune

Trump claims tariffs will make the U.S. 'rich again.' But 5 undisputed facts about how they work throw cold water on that notion

What we know so far: Tariffs will have a huge effect on the economy—just not the one the President is projecting.

Fortune

How Trump’s tariffs could tank the U.S. economy

Steve Hanke of Johns Hopkins University puts it bluntly: “You can’t win a trade war,” he says.

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