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.

Trade Alert: Bad Timing Puts Pressure On This Oil Producer

A slow economic recovery from the pandemic-related recession along with deflationary factors such as higher savings rates, slowing population growth and excessive debt loads are all headwinds for higher oil prices. Jim and Scott target this oil producer as the best way to profit as the combination of weak demand for oil and a large debt load will send its stock price plummeting.

New Prophesy Buy: This Beyond Belief Rally is on Borrowed Time

The stock market rally is the result of a gap between perception and reality. The perception is that the pandemic is almost over and the Fed can prop up the market. But, the reality is that the pandemic is still around and the Fed is out of bullets. This does not bode well for a continued market rally and overvalued stocks are vulnerable. Using the Prophesy indicator, Jim and Dan target this food manufacturer as the best way to profit from an expected crash in its stock price as the recovery weakens and a second leg of the recession looms.

Trade Alert: Prospects Look Bleak For This Cruise Operator In A Post-COVID Economy

Consumer behavior has not merely suffered a short-term change during this pandemic. The coronavirus has caused adaptation that will have inter-generational effects. What was once deemed essential such as an annual cruise now appears frivolous in this “new normal”. These behavioral changes will not wear off in months, even years. Jim and Scott target one leading cruise ship operator as the best way to profit as prospects look bleak in a post-COVID economy.

New Prophesy Buy: Make 200% As Australia’s Recession Hits Housing

Australia had not had an economic recession for almost 30 years before being hit with one in 2020. This was mainly caused by a deteriorating relationship with China, their biggest trading partner. We expect further damage to Australian exports in the near future. Using the Prophesy indicator, Jim and Dan target a popular Australian stock ETF as the best way to profit from an expected correction in Australian equity markets.