美国经济学家警告明年有“两大隐忧”：通胀失控和美股暴跌

Core Viewpoint - Steve Hanke, an economics professor at Johns Hopkins University and Nobel laureate, expresses concerns about two major issues for the U.S. economy and market in 2026: uncontrolled inflation and a potential stock market crash [1] Inflation Concerns - Hanke identifies several developments that could exacerbate inflation in the coming year, including potential interest rate cuts by the Federal Reserve, the end of quantitative tightening, relaxed loan regulations, and increased issuance of U.S. government debt [1] Stock Market Risks - Hanke warns that the current U.S. stock market, particularly the technology sector, is in a historic bubble, with his "bubble detector" indicating record high levels [1] - He cautions investors that the market could experience a "Wile E. Coyote moment," where it appears stable on the surface but is actually on the brink of disaster, highlighting the hidden risks within the market [1]