Tag Archives: james rickards

The economy Trump inherits

“For a three-year stretch from 1983 to 1985 during the heart of the Reagan boom, growth in the U.S. economy averaged over 5.5% per year. These two periods were unusually strong, but they show what the U.S. economy can do with the right policies. By contrast, growth in the U.S. from 2007 through 2013 averaged 1% per year. Growth in the first half of 2014 was worse, averaging just 0.95%.”

Economic storm on the horizon

The basics: the Fed has announced a rate hike (the first since the Lehman crash in 2008) and the Dow is wobbling. Today (Friday) the Dow was down almost 370. While Wall Street has ample selfish reasons to wish for permanently ‘free’ money from the Treasury, the reality is that Janet Yellen’s actions are (to […]

Greece melts down; the world starts to melt with it

the Eurozone might be short a star soon. Image from Reuters. As I type this, the results have come in and the Greek electorate has voted against the austerity measures demanded by the EU (primarily Germany) that would allow them to pay off the debt they owe. I’m thinking that maybe it would be a […]