No recovery until 2045

Daily Reckoning/James Rickards

Repost from 9-22-2021

antique print of wolf at door from Little Red riding Hood“One study from the Federal Reserve Bank of San Francisco in collaboration with outside academics showed that of the 19 highest fatality pandemics since the Black Death in the mid-1300s, the average time needed to return to normal levels of interest rates, growth and employment is more than 30 years.”

USAGOLD note: Rickards is sticking with his assessment that disinflation and possibly deflation is the wolf at the door – not inflation. As most of our readers know, he is an advocate of gold ownership under such circumstances.

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