5 MINS AGO! Jim Rickards Shared Some Horrible News

Jim Rickards talks about the Fed's goal of raising interest rates to 3.25% before the next recession to have room for rate cuts. Jim Rickards argues that negative interest rates don't work and criticizes Ben Bernanke for not raising rates earlier in the economic cycle.

Jim Rickards believes the Fed's rate hikes may unintentionally lead to the recession they aim to cure. Jim Rickards predicts that the Fed will raise rates four times a year until mid-2019, reaching 3.25%, with exceptions for weak job creation, disinflation, technical recession, or a disorderly stock market decline of more than 5%.

Jim Rickards is an economist, lawyer, and investment banker with 40 years of experience in the capital markets on Wall Street. He is also a NY Times bestselling author and has written various book on topics like currencies, supply chains, surging inflation, monetary system, financial crisis, and precious metals. Rickard has advised various clients including government directorates and institutional investors.

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[RobertWebber-by]

Whats going on this is 15 year old information, not 6 hours ago.

[danielhutchinson]

Rickards does understand that the Consumer is supporting the Economy with more debt.
The Consumer Debt at $17 trillion indicates the Banks will want one hell of a lot of interest to
finance that debt, and that increases the debt issues.

Any temporary Repair will simply add to the debt with compound Interest as the added interest,
simply adding to the debts.
The inability to deal with the fact that the US Lifestyle now has been terminated,
by the BRICS organizing the former Colonies into a Trade Union,
appears to be an effective end to the Western Economy returning the "Supply Chain"
that the Colonies represent.

They attempted to sabotage Russia and China with economic measures,
but the Spook efforts appear to have encountered a formidable Opponent?
The G-7 Nations who were counting on their Colonial Empires
to support their lifestyles,
now see their economies in a heap in front of that big BRICS

[RiverWhisperPrd]

Does anything Rickard's ever says come to pass? I've been hearing fear and doom & gloom for one takes him seriously, nor should they...he loves hearing himself talk and getting paid for doing these videos