Jim Rickards: 15% Inflation Ahead If Fed Pivots Too Soon


Jim returns for Part 2 of his interview with Stephanie Pomboy in which he explains that, should the Fed pivot back to easing before inflation is fully tamed, it risks re-igniting the CPI back up as high as a horrific 15%.

He also shares his reasons for thinking that CBDCs are inevitable — in fact, already in progress.

Jim Rickards: A 2008-Style Liquidity Crisis + Recession Is The Big Threat Now


Jim is concerned we may be heading into a recession + liquidity crisis similar to what we experienced during the 2008 GFC.

A financial crisis spreads just like a virus does. The contagion equation is the same. Shifts in narrative/confidence can cause fear to spread quickly – sometimes creating the bad outcome it’s afraid of (e.g., a run on the bank). Or sometimes the opposite (e.g., asset bubbles).

The Fed pivot narrative brought a lot of capital back

into the market, which resulted in the July rally. But the “logic” behind this narrative wasn’t necessarily correct. But it drove prices higher…until Powell brought the hammer down at Jackson Hole. The fundamentals can’t be dismissed no matter how much the market would prefer they could. The markets are dreaming of a ‘soft landing’, but Jim thinks it’s going to be more like a plane crash.

The rate of change of the Fed Funds Rate is staggering. Never has it risen by such a big % this fast. This WILL shock the system. For example, bonds & housing are going to get clobbered. The damage these fast-rising rates are going to cause is going to be severe.

Struggling Economy + Hot CPI + Fed Hikes & QT = Stagflation | Stephanie Pomboy


Stephanie Pomboy reacts to today’s latest data on retail sales, Fed rate hike outlook, jobs, credit conditions & inflation.

In her words, it’s difficult to see anything other than stagflation reigning for the rest of the year.

Let us know in the Comments section below if you like this kind of real-time reaction from Stephanie to the news of the day. If you do, we’ll do these shorter sessions with her more often.