Jim Grant: BlackRock Is Fed's own Wall Street Doppelgänger

Jim Grant At Invest For Kids Conference. We have a lot more coverage so stay tuned    Also we have a lot more conference coverage under our hedge fund Q3 post Grant’s Interest Rate Observer The university of Chicago teaches that markets are efficient.  Jim thinks it’s only episodically efficient. [drizzle] Interest rates certainly are low, is this cyclical or for the rest of time? Since 1997 the number of public companies has been sawed in half and the amount of hedge fund dollars have gone parabolic.  The narrative is that central banks couldn’t incite inflation if they tried, and…