Jim Rickards, bestselling author and tireless gold bug, has seen just about everything over his four decades navigating capital markets. What he hasn’t seen, however, is a better climate for a market “catastrophe” than the one we’re in now.

‘The worst panics are always preceded by a sense that nothing can go wrong. We are there again… It’s all good. What, me worry?

Jim Rickards

Rickards, who long ago also served as general counsel for collapsed hedge fund Long-Term Capital Management, says that mass complacency and euphoria has always been a recipe for historic meltdowns.

He points out that stocks are near all-time highs, the bond market bust hasn’t happened, mortgage rates are hovering around multidecade lows, the jobs market is solid, ISIS

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