Rickards: We know the Fed will raise rates on Wednesday. But, Wall St. does not understand why
Martin Soong, CNBC, Released on 3/12/17
“The Fed is on this tightening path, and yet, the US economy is fundamentally weak.”
“They need to raise rates so they can cut them in a recession.”
Jim Rickards is a lawyer, investment banker and economist with over thirty years’ experience in capital markets. He is currently Senior Managing Director at Tangent Capital Partners LLC. 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. Jim’s latest book, The New Case for Gold, was released on April 5, 2016.