Currency Wars Heat Up
Dec. 31 (Bloomberg) -- Tangent Capital Partner Senior Managing Director Jim Rickards talks about currency wars and his investment strategy. He speaks on Bloomberg Television's "Lunch Money." (Source: Bloomberg)
How Will the Fiscal Cliff Impact the U.S. Economy?
Dec. 31 (Bloomberg) -- Jim Rickards, senior managing director at Tangent Capital Partners, and Stanley Crouch, chief investment officer at Aegis Capital, talk with Bloomberg's Matt Miller about the impact of the fiscal cliff on the U.S. economy. They speak on Bloomberg Television's "Bloomberg Rewind." (Source: Bloomberg)
Rickards: Cliff Is a `Train Wreck' You See Coming
Dec. 31 (Bloomberg) -- Tangent Capital Partners Senior Managing Director Jim Rickards and PTI Securities President Dan Haugh discuss how markets are trading. They speak with Sheila Dharmarajan and Adam Johnson on Bloomberg Television's "Lunch Money." (Source: Bloomberg)
Dagong finally gets around to the fiscal cliff, which is regarded internationally as a form of perverse economic self-harm on the part of the United States.
4. As a result of the pending fiscal cliff, the U.S. economy will probably fall into recession in 2013, and stay weak in the long term, which will further weaken the material basis for the government to repay debt.
The U.S. is facing an unprecedented crisis of excessive credit. The inevitability and chronicity in the credit bubble burst will directly lead to the continued slump in total social consumption, triggering a chain reaction of long-term economic downturn.... expanding the degree of deviation between debt repayment sources and wealth creation capability.