Jim Grant: “Cycles Begin & End In Excess” | McAlvany Weekly Commentary
- This week James Grant of the Grant’s Interest Rate Observer joins the weekly commentary.
- Gold now pays better interest at 0 than $13 trillion in negative paying bonds!
- Socialized Risk: Big boys get winnings & tax payer takes all losses
- Bagehot: Central Banks should lend at very high interest rate & only with collateral
Buy James Grant Latest Book: Bagehot: The Life and Times of the Greatest Victorian
James Grant founded Grant’s Interest Rate Observer in 1983 following a stint at Barron’s, where he originated the “Current Yield” column.
His books include works of financial history, finance and biography. They are: “Bernard M. Baruch: The Adventures of a Wall Street Legend” (Simon & Schuster, 1983); “Money of the Mind: Borrowing and Lending from the Civil War to Michael Milken” (Farrar, Straus & Giroux, 1992); “Minding Mr. Market” (Farrar, Straus & Giroux, 1993); “The Trouble with Prosperity” (Times Books, 1996); “John Adams: Party of One” (Farrar, Straus & Giroux, 2005); “Mr. Market Miscalculates” (Axios Press, 2008); and “Mr. Speaker! The Life and Times of Thomas B. Reed, the Man Who Broke the Filibuster” (Simon & Schuster, 2011).[thrive_leads id=’26614′]