SDR - New World Money

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Interesting new interview with Jim Rickards discussing his latest book and other topics (link below). He sees US interest rates going a lot lower, possibly even negative.

Rickards was recently at a confab at Bretton Woods commemorating the 75th anniversary of that 1944 monetary agreement, with people like Larry Summers attending, and said there was an 'off the record' panel discussion with two very senior Fed officials and one top ECB official, and these officials said matter-of-factly that US and European interest rates definitely have to come down. Rickards also said he was surprised at the relaxed attitude toward the idea of negative interest rates by the two top Fed officials -

So it sounds like the Fed has completely thrown in the towel on the goal of rate and balance sheet normalization, despite what Powell has said publicly.