Jim Grant has called for higher interest rates. Sooner or later bond yields will go up but he doesn't know when. It seems that Jim Grant's view is the same as of Jim Rogers who expects interest rates to start rising and the bond market bubble to collapse.
James Grant originated the "Current Yield" column in Barron's before founding Grant's Interest Rate Observer in 1983. He is the author of five books, one of which is Mr. Market Miscalculates (Axios Press, 2008).