Boom Bust Season 2 Episode 77 Jim Rickards On Russia and the Most Important Stories of 2014

In season 2 episode 77 of the show Boom Bust, economist Jim Rickards discusses Russia and some of the most important stories of 2014. The episode covers a range of topics related to the global economy, geopolitical issues, and financial markets. Rickards provides insights into some of the key events that shaped the economic landscape in 2014, including the ongoing conflict in Ukraine, the rise of China as a global power, and the role of the US Federal Reserve in shaping monetary policy.

The episode begins with a discussion of Russia and its impact on the global economy. Rickards notes that the country's economy is heavily dependent on oil and gas exports, which have been hit hard by falling oil prices. He argues that the geopolitical tensions between Russia and the West have contributed to the decline of the Russian economy, and that the situation is likely to continue for some time.

Rickards also talks about the ongoing conflict in Ukraine, which he describes as a "proxy war" between the US and Russia. He argues that the conflict has the potential to escalate into a larger war, which could have serious consequences for the global economy. Despite this, Rickards believes that the situation is unlikely to lead to a global economic collapse.

In addition to discussing geopolitical issues, Rickards also covers some of the most important economic stories of 2014. He talks about the rise of China as a global economic power and the challenges this poses for the US and other Western economies. He also discusses the impact of low interest rates on the global economy, arguing that these rates are likely to remain low for the foreseeable future.

The episode wraps up with a discussion of the role of the US Federal Reserve in shaping monetary policy. Rickards argues that the Fed has been too focused on short-term goals, such as boosting stock prices, and not enough on long-term stability. He suggests that the Fed needs to take a more holistic approach to monetary policy, one that takes into account the risks posed by low interest rates and the possibility of inflation.

Overall, season 2 episode 77 of Boom Bust provides a fascinating look at some of the key economic and geopolitical issues of 2014. With insights from economist Jim Rickards, the episode is both informative and thought-provoking, offering a fresh perspective on the challenges facing the global economy.