The idea that central banks are at the end of once-in-a-generation asset inflation tricks is, understandably, terrifying long-always allocators and the corporate-sponsored media. In this clip, panic in the hosts is palpable. Those with financial and investment discipline, on the other hand, welcome downcycles as a much needed ‘value restoration project.’
Just a few months after putting the Fed on hold, Chairman Powell is once again under pressure from the markets to take action. Jim Grant, founder and editor of Grant’s Interest Rate Observer, joins “Squawk Box” to discuss. Here is a direct video link.
