Rickards: Recession, market correction next year, expect rate cuts

The Federal Reserve hiked interest rates just two weeks ago for the second time in a decade, but it will soon be cutting them again, said Jim Rickards on Tuesday.

Speaking to CNBC’s Squawk Box, the director of The James Rickards Project said a stock market correction is coming as President-elect Donald Trump‘s economic stimulus plans will not pan out, causing a “head-on collision” between perception and reality.

Posted in James Rickards Press.