Noted economist, Steve Hanke, has predicted a recession, a stock market downturn, and inflation falling below 2% by the end of 2024. What Happened: Hanke, a professor of applied economics at Johns Hopkins University, suggests that the stock market is overvalued and will likely see a decline as the anticipated recession begins to impact, reported Business Insider on Thursday. “As far as the outlook for stocks goes, they remain pricey, and the multiples will come off as the recession starts to bite,” said Hanke. The S&P 500 index, after a 24% surge in 2023, is currently trading near an all-time …
