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Jim Rickards: Fringe theories for a faulty financial system
By Jim Rickards
Daily Reckoning, Baltimore
Saturday, October 25, 2025
We're obviously living in tumultuous times. If investors sense they're on a financial roller-coaster, they're right.
Recently I scanned my market tickers and saw that everything was up. Stocks, bonds, gold, silver, the dollar, cryptos and commodities were all advancing. Of course, that didn't last. The next day cryptos crashed and stocks were down sharply. Even gold suffered its worst day in a decade on Tuesday, a day after notching new record highs.
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In these markets, volatility is the one constant.
These types of markets demand discipline, but they also give rise to what I can only describe as fringe theories.
Even seasoned market analysts with great reputations will write to me with theories they've heard asking what I think about them. We don't have space to go into all of them (and many are just nonsense and not worth going into), but the main theme is that somehow the U.S. Treasury is working on a technical default on government debt. ...
... For the remainder of the report:
https://dailyreckoning.com/fringe-theories-for-a-faulty-financial-system/
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