JIm Grant: "Fed Has Fingers & Thumbs On The Scales Of Finance," - "Will End Badly"

Jim Grant explains to an almost stunned into silence Rick Santelli how we all "live in a valuation hall of mirrors" as the Fed manipulates everything. Thanks to it's "fingers and thumbs on the scales of finance," Grant continues, the Fed "insists on saving us from 'everyday low prices'" - what they call deflation - and by doing so it manufactures "redundant credit" which "does mischief" in and out of markets. Grant, ominously concludes, "there is no suspense as to how [this will] end... [it will] end badly."



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).

JAMES GRANT: ‘ONCE WE HAD THE GOLD STANDARD. TODAY WE HAVE THE PH.D. STANDARD’

Writing in the Wall Street Journal this weekend, Jim Grant, outspoken free-marketeer and author of the popular financial publication Grant’s Interest Rate Observer notes: “Do you itch to know whether stock prices and interest rates will rise or fall? Whether the U.S. economy will sink or swim?

Read on to find out what happened to them: http://online.wsj.com/news/articles/SB10001424052702304591604579289330976748834

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).