The David Lin Report Will Gold Price Collapse Continue? Lyn Alden On Market’s Next Big Moves
Feb 4, 2026
Mark Skousen, economist and author known for gross output metrics and commodity insight, and Steve Hanke, Johns Hopkins professor and currency specialist, debate inflation, money supply, and political risks. They discuss gross output versus GDP, supply-chain drag, central bank buying, and whether gold, silver, Bitcoin, and other commodities have more upside ahead.
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Consumer-Led GDP Masks Business Stagnation
- Mark Skousen believes GDP strength has been driven primarily by consumer spending, not supply-chain expansion.
- He cautions that without B2B catch-up, the disconnect between GDP and GO is vulnerable to reversal.
Gross Output Reveals Supply-Chain Weakness
- Mark Skousen emphasises gross output (GO) to see supply-chain activity below GDP.
- GO shows B2B spending has been flat or declining while consumer spending inflated GDP.
K-Shaped Consumption Fuels GDP
- Steve Hanke highlights a K-shaped recovery where the top 20% drive most consumption.
- He warns inflation has eroded real incomes for lower earners despite strong aggregate spending.
