wave analysis suggests that Bitcoin (BTC) should
retrace from the recent $5,000 peak to at least
the BTC rocketship could continue unabated skyward
PTB will continue to struggle against cryptos
as their system unravels at an increasing pace.
Greenback is now jeopardized by the introduction
of a gold backed petrol contract in China.
petrol-dollar arrangement of 1974 must now compete
in the East with a petrol-gold-Yuan alternative.
bubbles are now the new norm, including junk
bonds, US equities, domestic real estate in
Canada and even some cryptocurrencies.
few legendary technophiles, such as John
McAfee and Marketwatch.com
are suggesting that Bitcoin could climb to a
peak of at least $500,000.
S&P has eclipsed year 2000 bubble levels
by many metrics, including P/E ratios and Bob
Hoye's top indicators.
credit spread and yield curve remain positive,
so equities could continue to surprise on the
upside, but the risk offers a meager expected
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a degree in geophysics and a number of
fascinating summers in mining exploration,
one winter in "the bush" quickly
led Bob into the financial markets. This
included experience on the trading desk
and in the research department of a large
investment dealer, which led to institutional
stock and bond sales.
review of financial history provided the
forecasting models designed to anticipate
significant trend reversals in the sometimes
alarming volatility typical of the transition
from rampant speculation in tangible assets
to fabulous speculation in financial assets.
anticipation of the latter opportunity,
a monthly publication for financial institutions
was started in January 1982.
competently covered the stock market,
the yield curve, credit spreads as well
as metal and energy prices.
1998 the Institutional Advisors website
was started as a forum for unique and
reliable financial research.
Rickards is the Editor of
a financial newsletter,
and Director of The James
Rickards Project, an inquiry
into the complex dynamics
of geopolitics + global
capital. He is the author
of The New Case for Gold
(April 2016), and two New
York Times best sellers,
The Death of Money (2014),
and Currency Wars (2011)
from Penguin Random House.
He is a portfolio manager,
lawyer, and economist, and
has held senior positions
at Citibank, Long-Term Capital
Management, and Caxton Associates.
In 1998, he was the principal
negotiator of the rescue
of LTCM sponsored by the
Federal Reserve. His clients
include institutional investors
and government directorates.
is an Op-Ed contributor
to the Financial Times,
Evening Standard, New York
Times, and Washington Post,
and has been interviewed
on BBC, CNN, NPR, CSPAN,
CNBC, Bloomberg, Fox, and
The Wall Street Journal.
Mr. Rickards is a guest
lecturer in globalization
and finance at The Johns
Hopkins University, The
Kellogg School at Northwestern,
and the School of Advanced
International Studies. He
has delivered papers on
risk at Singularity University,
the Applied Physics Laboratory,
and the Los Alamos National
Laboratory. He is an advisor
on capital markets to the
U.S. intelligence community,
and the Office of the Secretary
of Defense, and is on the
Advisory Board of the Center
on Sanctions & Illicit
Finance in Washington DC.
Mr. Rickards holds an LL.M.
(Taxation) from the NYU
School of Law; a J.D. from
the University of Pennsylvania
Law School; an M.A. in international
economics from SAIS, and
a B.A. (with honors) from
Johns Hopkins. He lives