Jim RickardsJim Rickards

James G. Rickards is the editor of Strategic Intelligence, Project Prophesy, and Crash Speculator. He is an American lawyer, economist, and investment banker with 40 years of experience working in capital markets on Wall Street. He was the principal negotiator of the rescue of Long-Term Capital Management L.P. (LTCM) by the U.S Federal Reserve in 1998. His clients include institutional investors and government directorates.

His work is regularly featured in the Financial Times, Evening Standard, New York Times, The Telegraph, and Washington Post, and he is frequently a guest on BBC, RTE Irish National Radio, CNN, NPR, CSPAN, CNBC, Bloomberg, Fox, and The Wall Street Journal. He has contributed as an advisor on capital markets to the U.S. intelligence community, and at the Office of the Secretary of Defense in the Pentagon. He has also testified before the U.S. House of Representatives about the 2008 financial crisis.

Rickards is the author of The New Case for Gold (April 2016), and three New York Times best sellers, The Death of Money (2014), Currency Wars (2011),and The Road to Ruin (2016) from Penguin Random House. And his latest book, Aftermath was published in July, 2019.

The Economics of COVID-19 and Social Unrest

In this month's intelligence briefing, Jim discusses how the current social unrest and COVID-19 relate to each other and why things may get worse in the coming weeks. Jim details the economic implications of these events along with the overall outlook for the economy and what to look for in the markets to keep your investment strategy on track as we move towards the summer months. As always, Jim will answer your questions in an important Q&A session this month.

Trade Alert: Disappearing Consumers Are Bad News For This Big-Box Retailer

The pandemic and overall volatile environment has slowed the U.S. economy down to depression-level output. With unemployment rates in the double-digits, many consumers have been on a spending strike as bankruptcies pile up. Jim and Scott target one big-box retailer that is vulnerable to the current state of too much inventory and not enough demand that will put pressure on its stock price in the coming weeks.