Jim Rickards: If the Fed Does Raise Rates, Look Out Below (Video)

Jon Banking, Economy, Fiscal Policies, Market Commentary

A June interest rate hike is the talk of the town. Jim Rickards doesn’t think it will happen, but if it does, he says, ‘Look out below.’
Rickards appeared on RT’s Boom Bust to explain why. First, he makes the case that we shouldn’t listen to every word that comes out of every Fed regional bank president’s mouth. He suggests they are likely ‘testing the waters.’ As for the constant harping on jobs numbers, Rickards agrees with what we’ve been reporting. The employment outlook isn’t really all that good:


This post was published at Schiffgold on MAY 25, 2016.