Excellent discussion with Jim Grant, Grant’s Interest Rate Observer, on why he thinks the Fed’s interest rate policy is partially to blame for the slow recovery. On the market’s apparently supreme faith in the magic of Central Bankers: “It’s astonishing that after so many years of demonstrated human error on the part of these Mandarins, that people still seemingly trust them. But they do. For now. They won’t always.“ Here is a direct link.
Cory’s Chart Corner
“An explosive critique about the investment industry: provocative and well worth reading.”
“Juggling Dynamite, #1 pick for best new books about money and markets.”
“Park manages to not only explain finances well for the average person, she also manages to entertain and educate, while cutting through the clutter of information she knows every investor faces.”