Johns Hopkins economist predicts ‘whopper’ of a recession in 2023 — and points to one key economic reading the Fed is missing

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Americans are worried a recession is looming—and according to a top economist, they ought to be. Steve Hanke, a professor of applied economics at Johns Hopkins University, said this week that he believes the U.S.is heading for a “whopper” of a recession next year. In an interview with CNBC ’s “Street Signs Asia” on Monday,…

Feeling unwelcome in blue states, gun companies move to red ones

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Smith & Wesson CEO Mark Smith was fed up.He was running the largest firearms manufacturer in America, based in Springfield, Mass., where it had been making weapons since 1860, and yet state lawmakers were considering a bill to ban the manufacture of AR-15-style rifles for the civilian market.The proposed law would cripple Smith’s company.Sixty percent…

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