Well known financial thought leader and Editor and publisher of Grant's Interest Rate Observer was on Consuelo Mack Wealthtrack to discuss US Fed's policy of Zero interest rates, monetary policy of quantitative easing in terms of purchases of US Treasuries and mortgage backed bonds. He said massive liquidity thrown by US Federal reserve in the market is very dangerous to the economy and very bad for savers.
Credit and Source: www.wealthtrack.com, Consuelo Mack Wealthtrack
Here is the video:
Also check out:
- Jim Grant Undervalued Stocks
- Jim Grant Top Growth Companies
- Jim Grant High Yield stocks, and
- Stocks that Jim Grant keeps buying