Jim Rickards says we're in a different world. The systemic risks have never been greater. The next financial crises will be unprecedented in its magnitude and the central bankers capacity to deal with it are diminishing. Were looking at an extinction level event in the next financial crises.

FOMC Minutes: As previewed, the focus on the just released Fed minutes was on two things: the path of the rate hike, which the Fed said it can change its assessment if warranted, and on the future of the Fed's balance sheet, where the FOMC said said a reinvestment shift was warranted, suggesting that a balance sheet reduction would likely begin later this year. MOST FED OFFICIALS SAW REIN... read more