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Jim Grant - The Fed Is at War with the Price Mechanism

February 15, 2013 | About:
Jim Grant stopped by CNBC for a chat. He walks us through the fact that central banks are going from a status of easing to hyper-easing.

Bond yields have been going down for a generation of people active in the financial markets. Investors don't know anything but falling bond yields, but Grant thinks current yields are indefensibly low.

Grant obviously thinks bonds of any type are not the place to be today.

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