Jim Rickards: European Central Bank to Tighten Later This Year

This is a syndicated repost courtesy of The Daily Reckoning. To view original, click here. Reposted with permission.
Jim Rickards joined CNBC’s The Rundown to offer his analysis for 2017 and what expectations on the European Central Bank’s (ECB) moves may be under rising Eurozone inflation and other regional factors.
Rickards began the conversation by weighing in that, ‘Mario Draghi is my favorite central banker, I think he is the only one who really understands central banking.’ Draghi is the current head of the European Central Bank and a former Goldman Sachs banker who began his term as leader of the ECB in November 2011. Rickards went on to remark, ‘Central banks are actually not that powerful but they have been given a pretense. Mario Draghi says little, and does less. That is a very effective way of operating.’
Jim Rickards is the New York Times bestselling author of The Road to Ruin. Rickards has worked previously on Wall Street for several decades and has advised the U. S intelligence community on topics surround currency wars and capital markets.

This post was published at Wall Street Examiner by Craig Wilson ‘ January 20, 2017.