Investors are giddy now that the Dow’s broken through the mythical 20,000 mark. Many anticipate Trump’s economic agenda will spur the economy.
The odds of the U.S. avoiding both a recession and inflation for the next four or five years are small. So it’s safe to say the Fed will intervene in markets again if either of those outcomes emerges.
This is a syndicated repost courtesy of The Daily Reckoning. To view original, click here. Reposted with permission. I am often asked, “Does Ice-Nine put gold at risk of lockdown or confiscation?” First, Ice-Nine is a phrase borrowed from author, Kurt Vonnegut. Vonnegut wrote a book in the early 1960s called Cat’s Cradle, and it’s…
Jim Rickards reveals why rising tensions in the South China Sea could result in another war. Does Trump’s election make it likely?
The following is a survey of seven Federal Reserve tools in the Fed toolkit to stimulate the economy if recession or deflation gains the upper hand and why their toolkit is flawed.
The outlook for rates has taken what I call a U-turn. There’s very little doubt that the Fed is on track to raise rates.
The coming clash of titans between Yellen and Trump could unfold very quickly for the new White House administration. Jim Rickards offers his analysis on what to expect in the relationship…
A radical shift in U.S – Russian relations is underway following the transfer of power headed to the White House. Jim Rickards on why Trump’s policy change is a new opportunity…
What we know is that the Fed is biased toward rate increases as long as the economy is growing.
Yellen said the Fed’s existing toolkit is adequate, and is unwilling to consider more radical tools or remedies. The real lesson was that if you like weak growth, money printing and market manipulation, get ready for more of the same.