Friday, December 25, 2015
Jim Rickards: Fed raised rates too late
Billionaire investor Sam Zell just joined a growing number of experts predicting a U.S. recession within the next 12 months, so Edward Harrison breaks down his reasoning for doing so. Then, Jim Rickards, editor of Strategic Intelligence and author of “The Death of Money,” offers his analysis of the IMF’s decision to classify Russia’s $3 billion loan to Ukraine as ‘intergovernmental,’ and why the Federal Reserve should have raised interest rates years ago instead of this week.
After the break, Danielle DiMartino Booth, chief market strategist at The Liscio Report, examines the housing markets impact on U.S. GDP numbers. George Howard, associated professor of music business at Berklee College of Music, then tells Ameera David why Taylor Swift is one of the few artists with the power to take on the growing might of the streaming music industry.
Finally, in The Big Deal, RT Correspondent Simone Del Rosario has the latest on Brazil’s battle with Facebook-owned messaging service WhatsApp.
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There have to be firm observation factors that can lead the market enthusiasts to predict such a downturn in the industry not long from now. Nevertheless, regardless of how much confidence they might have regarding the foreseen circumstance waiting to set foot, things could still change for the better. It all eventually boils down to the current market occurrences at that particular moment in time.
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