# 5 MINS AGO! Jim Rickards: "We're Seeing Something We've NEVER SEEN BEFORE" Summary::..current economic situation, suggesting that a recession may be imminent despite low unemployment rates. Creation_Date:: 2025-05-01  ## Metadata - Author: [[Plain Finance Reborn]] - Full Title: 5 MINS AGO! Jim Rickards: "We're Seeing Something We've NEVER SEEN BEFORE" - Category: #articles - Summary: Jim Rickards discusses the current economic situation, suggesting that a recession may be imminent despite low unemployment rates. He believes that the Federal Reserve might react too late, which could worsen the recession. Additionally, real wages are declining due to inflation, and the labor force participation is also decreasing, complicating the economic outlook. ## Highlights - They stop doing loans and then interest Rates will start to come down, but they interest rates peak after the recession be has already begun. So, the stock market's telling us Goldilocks; the ([View Highlight](https://read.readwise.io/read/01jt6freepfz331q8kjc803fvs)) - Note: This is another note. - They're doing what they're doing. The market has their own interpretation. I agree with the market, certainly the bond market, that the Fed has probably overtightened. They're going to keep going for the reasons I explained. That means they're going to make it worse. They're going to make the recession even worse. And they may pivot. Uh, to say that there could be a rate cut. Um, it won't be in April, but you know, a rate cut in August, maybe. I wouldn't rule that out, but for a really bad reason. In other words, if the Fed cuts rates, which they may, the pivot may be real. It's not because they engineered a soft landing and Goldilocks and everything. Oh, that's just right. ([View Highlight](https://read.readwise.io/read/01jt6grap8nmgnnnv61zywban0)) - Note: Again with the Fed having powers that have been bliterated by Bernanke and crew. - You're not moving anything by truck. A lot of business people are living in the real world in real time. They know what's happening now and the stock market tends to figure it out later. But as far as ([View Highlight](https://read.readwise.io/read/01jt6f0hg4xywc4vwsesqkhe48)) - Note: I can edit these notes after I have down loaded them.