Posts by James G. Rickards

The November unemployment report came out this morning, reporting that the U.S. economy added 199,000 jobs last month. The consensus estimate was about 185,000, so it was a “beat.” The unemployment rate was reduced to 3.7%, down from October’s 3.9%. Of course, it’s entirely possible that the numbers will be adjusted downward in the months…

This is one of the most technical articles we’ve ever distributed. I encourage you to read it, but I wouldn’t blame you if you quit halfway. That’s OK; I’ll do my best to explain it in plain English right now. The Sixteenth Amendment to the U.S. Constitution created the Federal income tax. It was ratified in 1913…

There has been a flood of articles recently pointing out the scam of electric vehicles, windmills, and solar modules as solutions to the so-called climate alarm and CO2 panic gripping the world. There are specific, technical answers to most of the hysterical claims of climate scammers. The best answer of all is that there is no problem…

One conundrum of recent U.S. economic performance is that GDP has remained robust while signs of a recession and possibly a financial crisis keep accumulating. It’s like seeing snow on a sunny day. U.S. GDP was 2% in the first quarter of 2023, 2.1% in the second quarter, and a strong 4.9% in the third…

We’ve written a lot about the independent run for president by Robert F. Kennedy, Jr. and his new party. It will take a lot of time, effort, and money to get on the ballot in most of the key states, but Kennedy probably has the resources to do it. We’ve also covered other third-party candidates…

The first rule of business is that if the government is subsidizing what you do, it probably makes no sense. It is true that the government has subsidized business ventures since George Washington was president. The State of New York paid for the Erie Canal. The U.S. government gave rights of way to the railroads…

Analysts note that U.S. inflation is coming down and that interest rates are coming down at the same time. Many assume this is good news for the economy and especially good news for stocks. But that superficial analysis does not hold up to scrutiny. With regard to interest rates, it is true that the yield-to-maturity…

How do the wars in Ukraine and Gaza impact global economic growth and the U.S. economy in particular? Both wars are ongoing and cataclysmic impacts may yet be felt. Here’s where events stand at the moment. Let’s start with the war in Ukraine… From a strategic perspective, the situation in Ukraine resembles a smaller-scale version…

This article is an excellent overview of the potential impact of third-party campaigns in the presidential election of 2024. There are always third parties in U.S. presidential elections, and they almost never matter. They usually get 1% to 2% of the vote, win no states, and that’s it. It is possible that Green Party candidate Jill…

My election analyses in our newsletters have included the unprecedented and even bizarre suggestion that Donald Trump may win the 2024 presidential election while being held behind bars. This is based on one or more felony convictions from the wave of criminal indictments against him that have been handed up by grand juries in Fulton…