Jim Grant - Biotechnology Stocks Are In Bubble Territory

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Canadian Value
Dec 17, 2013
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Jim Grant thinks that the stock market is being distorted by the financial policies of Central Bankers.

With the interest rate under the thumb of the Government, every discount rate used in a discounted cash flow calculation is compromised.

Grant thinks that biotechnology stocks specifically are in bubble territory.

Jim has been humbled by how slowly negative consequences have appeared from five years of quantitative easing.


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