Next year’s macroeconomic growth forecast will not be strong, but as long as the Federal Reserve remains accommodative, equities can remain high, this according to best-selling author Jim Rickards.
“[Some analysts] give recession almost a 0% chance in the next six months, and I agree with that, probably not even more than a 30% chance,” Rickards told Kitco News.
2020 looks to be another year of significant uncertainty as many market trends appear to be on a collision course with each other: the U.S./China trade war, Brexit, global debt vs. growth, the U.S. dollar vs. gold, bitcoin vs. gold…the list is nearly endless. For this reason, the editorial team at Kitco News decided the theme of this year’s outlook is Showdown 2020. Don’t miss all our exclusive coverage on how these factors could impact your investment decisions.
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