James Grant: The Fed Is Now Hostage To Wall Street

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, central bankers are experimenting with ever more extreme measures to stimulate the sluggish economy. This will end in tears, believes James Grant. The sharp…