If you're like me and missed Jim Grant's appearance on "Taking Stock" on Bloomberg TV this week, you can watch it here.
Most of his remarks concern the Fed's new role. He says that America may or may not be in recession, but the credit markets are in their worse shape since the early 1930s. And actions being taken now penalize savers. Grant says more, notably about his views on treasuries and gold, so check it out.
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