{"id":61018,"date":"2021-12-19T18:13:58","date_gmt":"2021-12-19T23:13:58","guid":{"rendered":"https:\/\/olduvai.ca\/?p=61018"},"modified":"2021-12-19T18:13:58","modified_gmt":"2021-12-19T23:13:58","slug":"peak-inflation-is-here-jim-rickards","status":"publish","type":"post","link":"https:\/\/olduvai.ca\/?p=61018","title":{"rendered":"“Peak Inflation Is Here”- Jim Rickards"},"content":{"rendered":"
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“Peak Inflation Is Here”- Jim Rickards<\/a><\/h3>\n<\/div>\n
Peak Inflation Is Here and Gone<\/strong><\/div>\n
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Last week Stansberry Investor’s\u00a0Daniela Cambone<\/a>\u00a0interviewed Jim Rickards and got his take on inflation. We think this is a solid interview and Jim makes some good reasonable explanations as to why inflation has done what it has. Rickards puts much of the blame squarely in two places: Supply chain problems, and Biden administration policies.<\/p>\n

When asked: Why did used car prices go up?\u00a0Rickards<\/a>\u00a0responded with \u2018No new cars were available due to chip issues. People bought used cars.\u2019<\/p>\n

His explanation for energy problems is equally sensible. The push into clean energy was too fast and poorly executed. Smart energy companies took advantage of that, as did Russia\u2019s Putin.<\/p>\n

The thesis essentially is that money printed isn\u2019t the cause of inflation. The sanitization of the printing via RRP and bond allocations dampen the inflationary effect. For Rickards, the supply chains and Biden Administration fiscal policies are the culprit.<\/p>\n

The only area he did not touch upon was rents. That shoe has yet to drop fully. Will it be as easily explained? The other point he makes is the Fed may be raising rates into a recession. Enjoy.<\/p>\n

Jim Rickards: We\u2019ve Reached Peak Inflation; The Real Risk in 2022 and Why Cash Is Critical<\/h4>\n