Rickards: How deluded are markets?

Jim Rickards - Twitter, Released on 4/27/23

How deluded are markets? Wall Street says weak GDP means Fed will "pivot" to rate cuts sooner, so with rates down, buy stocks! No one stops to consider that GDP presages a recession (or worse) that will sink stocks by 30-to-50%. As we say in New Jersey: Enjoy.

- Jim Rickards (@JamesGRickards) April 27, 2023

Jim Rickards is a lawyer, investment banker and economist with over thirty years' experience in capital markets. He is currently Chief Global Strategist at Meraglim. He advises the Department of Defense, the U.S. intelligence community, and major hedge funds on global finance, and served as a facilitator of the first ever financial war games conducted by the Pentagon. A frequent guest on financial news programs, Rickards is also the author of The New York Times bestselling novels Currency Wars: The Making of the Next Global Crisis and The Death of Money. His latest book is Sold Out: How Broken Supply Chains, Surging Inflation, and Political Instability Will Sink the Global Economy.

Rickards: How deluded are markets? added by Herman James on 04/27/2023View all posts by Herman James ?+'