James Grant: The Fed Is Now Hostage To Wall StreetGuest Post
James Grant: The Fed Is Now Hostage To Wall Street by Christoph Gisiger, Finanz und Wirtschaft Below is a brief excerpt reposted with permission
James Grant, Wall Street expert and editor of the investment newsletter "Grant’s Interest Rate Observer", warns of a crash in sovereign debt, is puzzled over the actions of the Swiss National Bank and bets on gold.
From multi-billion bond buying programs to negative interest rates and probably soon helicopter money: Around the globe . . .
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