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James Grant Criticizes Federal Reserve Policies
Posted by: Dheeraj Grover (IP Logged)
Date: September 20, 2012 04:56PM

Jim Grant of Grant's Rate Observer was on CNBC to discuss his reaction and views related to recent quantitative easing by the U.S. Federal Reserve, aka Quantitative Infinity or QE Forever.

-- He blasted the Federal Reserve again for its low interest rate policy.
-- Calls the policy "non-stop chronic interventions."
-- He said the Fed is starving the savers and subsidizing the speculators and that will have dire implications
-- There will be lot more possible consequences versus only four highlighted by the Fed in the Jackson Hole speech. Hong Kong real estate prices going up is a distant consequence of Fed policy in the U.S. as the Hong Kong dollar is pegged to the U.S. dollar.
-- This is an experiment, and the Fed is trying to learn as it is doing it which is not good.
-- Investment opportunities: equities. He loves GM (GM) for its valuation and solid balance sheet. Look for investments where there is margin of safety and solid balance sheets

Here is the video:






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Re James Grant Criticizes Federal Reserve Policies
Posted by: vgm (IP Logged)
Date: September 21, 2012 04:54AM

Jim Grant is a very intelligent and informed guy. But he's too prone to hyperbole and has become a caricature of himself in my opinion.


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