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Rickards on Iran and QE3

| 9 February 2012 13:47

Jim Rickards, author of Currency Wars, was on Capital Account last night and he thinks both QE3 and war with Iran are distinct possibilities. Basically, Rickards is saying policy makers will do whatever it takes to keep the asset-based economy alive and well. Take a look.

My take: – QE3 has already begun – and it’s called rate easing. And isn’t the Anti-Iran rhetoric similar to the anti-Iraq rhetoric? That tells me that the possibility of military confrontation cannot be dismissed, something that is (medium-term) oil bullish but also sows the seeds of demand destruction and another bout with debt deflation and an even more aggressive policy response.

avatar About Edward Harrison

Edward Harrison is the founder of Credit Writedowns and a former career diplomat, investment banker and technology executive with over twenty years of business experience. He is also a regular economic and financial commentator on BBC World News, CNBC Television, Business News Network, CBC, Fox Television and RT Television. He speaks six languages and reads another five, skills he uses to provide a more global perspective. Edward holds an MBA in Finance from Columbia University and a BA in Economics from Dartmouth College. Edward also writes a premium financial newsletter. Sign up here for a free trial.

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