http://www.bloomberg.com/news/2014-06-25/puerto-rico-proposal-would-let-agencies-restructure-debt.html I'd note that in the last week or so, Jim Grant reversed his previously bullish views on PR paper.
Affairs . What he failed to note was the Fed’s role in the downturn, the unintended consequences of central planning. As James Grant , editor of Grant’s Interest Rate Observer , pointed out in late 2008, the Fed’s “artificially low interest rates
few places to hide with a stock portfolio. This thesis worries me twice over. First, Wolf is not one to cry his name. If James Grant , for example, writes that terrible things are on the horizon, I won't fuss. Grant is by nature a pessimist who constantly
Lewis, “Leverage buys you a glimpse of a prosperity you haven’t really earned.” Asset values are contingent, as Jim Grant once said. But debt is forever. Instead of cutting back on leverage and getting our house in order, government response to
joined by significant capital gains. Jim Grant argues that the only thing going for bonds ..... associated with muscle training comes not from Jim Grant , but from Wayne Gretsky, one of the greatest ..... affects a number of investment categories. Jim Grant covered the bond market for us. So let
have reached the bottom for Treasury rates, staying in the market for the final 50 or 60 basis points appears imprudent. As Jim Grant has noted, investors’ perception of U.S. Treasuries – and most sovereign debt – is shifting from representing risk-free
an arrangement would work on a sustained basis. David: 4. Money-printing and inflation. To the extent that we accept Jim Grant ’s recent definition of inflation as “the over-production of money, a symptom of which is rising prices,” 5 Europe
still calculated inflation the way we did under the Carter presidency, today’s CPI would be closer to 10% than 1.5%. Jim Grant , the host and editor of the newsletter Grant’s Interest Rate Observer, has said that the Fed arguing that the inflation