America's Debt Crisis
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America's Debt Crisis Is Worse Than You Think — And The Oil Shock Will Expose It
Benzinga· 2026-03-27 14:54
While investors fixate on the Middle East, Professor Steve Hanke says the more dangerous story may be playing out at home. The Johns Hopkins economist argues that the war around Iran and the Strait of Hormuz is not just a geopolitical shock. It is a stress test for a US balance sheet he believes is already broken.Hanke called the conflict a "massive supply-side shock to the world economy," noting that it lies at the opposite end of the spectrum from the 2020 pandemic shock."You'll probably get at least a 10 ...