Latest news with #JamesRickards
Sky News AU
3 days ago
- Business
- Sky News AU
‘There is no alternative': US dollar in decline as influence in question
Economist and author James Rickards discusses whether the US dollar is losing its global influence following its decline in recent months, asserting the US Treasury remains secure as the leading global reserve. 'The dollar has gone down in value, but it was from a pretty high level,' Mr Rickards told Sky News host Ed Boyd. 'There is no alternative, the other biggest bond markets in the world are Japanese government bonds and Italian government bonds – so if you don't like US Treasury, do you like JGBs better? … the answer is no. 'Even in a world where the dollar is going down in terms of exchange rates, the US Treasury, the Treasury Securities Market is not threatened as the leading global reserve asset.'
News.com.au
3 days ago
- Business
- News.com.au
‘There is no alternative': US dollar in decline as influence in question
Economist and author James Rickards discusses whether the US dollar is losing its global influence following its decline in recent months, asserting the US Treasury remains secure as the leading global reserve. 'The dollar has gone down in value, but it was from a pretty high level,' Mr Rickards told Sky News host Ed Boyd. 'There is no alternative, the other biggest bond markets in the world are Japanese government bonds and Italian government bonds – so if you don't like US Treasury, do you like JGBs better? … the answer is no. 'Even in a world where the dollar is going down in terms of exchange rates, the US Treasury, the Treasury Securities Market is not threatened as the leading global reserve asset.'
News.com.au
3 days ago
- Business
- News.com.au
‘Powerful': Economist urges caution amid fears AI will pose threat to economy
Economist and author James Rickards comments on the impact of artificial intelligence on capital markets. 'AI is extremely powerful, it's everywhere,' Mr Rickards told Sky News host Ed Boyd. 'I'm warning that, yeah, AI is powerful and it can do a lot of good, but there are also very, very significant dangers which are being overlooked … how it could cause a stock market crash, how it could cause a run on the bank. 'AI can accelerate them, make them more likely.'
News.com.au
3 days ago
- Business
- News.com.au
Economist claims recession is ‘not the vibe' in the US
Economist and author James Rickards discusses the lowering of interest rates, claiming they are a sign of recession. This comes amid fears the US could be in economic decline. 'I don't think that's the vibe, that's my own analysis, and there are a lot of indicators that point to that, and cutting rates doesn't matter,' Mr Rickards told Sky News host Ed Boyd. 'Low interest rates are associated with recession and depression – the idea that we'll cut the interest rates and stimulate the economy is nonsense. 'When your economy is going well, and your real growth is, say, 3 or 4 per cent and a little bit of inflation on top of that … that means people are borrowing, they're lending, they're spending, they're investing, businesses are expanding.'
News.com.au
3 days ago
- Business
- News.com.au
US Federal Reserve Chair under fire amid recession fears
Economist and author James Rickards discusses the Chair of the Federal Reserve of the United States, Jerome Powell, claiming there is a possibility the US will be in recession. 'His term ends in early 2026, so we may be in and out of a recession between now and then, I expect we will be if it doesn't get worse, if it doesn't turn into a monetary crisis,' Mr Rickards told Sky News host Ed Boyd. 'What's the rush … get through a bad patch, get through a recession, and then name a replacement probably next year when things will probably be better.'
