Wednesday, December 25, 2019

China Trade Deal: Why Trump Needs This to Win According to James Rickards

The U.S. has completed phase one of a trade deal with China, signaling what could be a de-escalation of and even the possible end of the trade wars. 

This is a move that Trump desperately needs for re-election, said best-selling author, James Rickards. “With slow growth I think you’ll see one, maybe two rate cuts, that will give the stock market a boost. 

The other thing is calm down the trade wars, it looks like we’re literally just days away from doing that with the Chinese, so if you get good news on trade wars and the prospect of rate cuts, that’s going to keep the stock markets up, and that’s going to help Trump for re-election,” Rickards told Kitco News.

- Source, Kitco News

Friday, December 20, 2019

Jim Rickards Ultimate 2020 Financial Forecast

Next year’s macroeconomic growth forecast will not be strong, but as long as the Federal Reserve remains accommodative, equities can remain high, this according to best-selling author Jim Rickards. 

“Some analysts give recession almost a 0% chance in the next six months, and I agree with that, probably not even more than a 30% chance,” Rickards told Kitco News.

- Source, Kitco News

Monday, December 16, 2019

Jim Rickards: Confidence in Fed is Fragile, Are We Doomed for a Crisis?

The direction the Federal Reserve is taking today with their monetary policy does not inspire confidence and erodes the value of money, said best-selling author James Rickards. 

“You can have a fiat money standard if people have confidence. There are a couple of ways to destroy confidence. 

One, too much debt, and the other one is inflation. Inflation is not much of a problem right now but too much debt is, because it points to inflation as a way out,” Rickards told Kitco News.

- Source, Kitco News