Fed Is Right to Raise Rates, Be Prepared to Dodge Lagging ‘Full Punch’ Says Rick Rule

Stansberry Research, Released on 2/1/23

“I’ve been positively surprised at the strength of the U.S. economy in the face of consistent interest raises, which are indeed the right policy,” says Rick Rule, founder and CEO of Rule Investment Media. “They need to raise interest rates again, and most likely by 25 basis points,” he tells Daniela Cambone. “The economic response often lags, and it’s possible we haven’t felt the full punch of these interest-rate rises,” Rule warns. He projects that there will not be no soft landing once this downturn ends, “but a crash may be too strong a word… I’ve never seen a soft landing occur in 50 years however.” Rule states. And he believes, “there’s currently a worldwide push to look for a bilateral means of exchange outside of the U.S. dollar, and that is gold, beyond the BRICS nations.” “I believe the dollar will continue to be the primary means of exchange… U.S. treasuries are the deepest and most liquid market in the world,” he concludes.

Rick Rule, founder and chairman of Sprott Global Resource Investments Ltd., began his career in the securities business in 1974. He is a leading American retail broker specializing in mining, energy, water utilities, forest products and agriculture. His company has built a national reputation on taking advantage of global opportunities in the oil and gas, mining, alternative energy, agriculture, forestry and water industries. He is also the founder of Rule Investment Media.

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