Build Your Own Crystal Ball

May 09, 2023

by James Rickards Daily Reckoning

I recently gained two important insights about the Fed and markets. Taken separately, either one would have been significant. Then I realized the separate insights were actually connected at a deep level.

This analysis could lead to a major breakthrough in my already sophisticated predictive analytic algorithms I use to forecast markets. What follows is a first-of-its-kind explanation.

The first insight started as a casual conversation during a ceremony honoring a benefactor of one of the top research universities in the world.

Such occasions are always interesting because the turnout includes trustees, professors, the benefactor himself, and his close and often wealthy friends. While waiting for formalities to begin, I spoke with a top economics professor whom I had known for years.