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Jim Grant – How the Fed Lost Control & Why Bitcoin Benefits

Investor Hour, Released on 10/12/17

Jim Grant, publisher and editor of Grant’s Interest Rate Observer, joins the show to discuss his most famous profit forecast – a massively profitable bet against the housing market that would later be depicted in the movie The Big Short. Porter asks Jim if the Fed will ever lose the overwhelming power it holds, and you’ll be surprised to hear how Jim calculates how they already lost control a long time ago. Jim also weighs in on Bitcoin and how it could be Silicon Valley’s “cry for help.”

You’ll have a good laugh when Jim recounts the moment he realized the housing market was in bubble territory. Just as interesting is Jim’s story of how he grew his newsletter business from an initial subscriber base of just 18 readers, to become one of most renowned and celebrated financial journalist of all time. Of course, it helped that his very first subscriber – the first-ever member of The Grant Interest Observer – was legendary investor Jim Rogers.

James “Jim” Grant is an American writer and publisher and the founder of Grant’s Interest Rate Observer, a twice-monthly journal of the financial markets. He is the author , most recently, of The Forgotten Depression: 1921: The Crash That Cured Itself. Grant’s television appearances include “60 Minutes,” “The Charlie Rose Show,” Bloomberg TV, CNBC and other well-known financial news sources. His journalism has appeared in a variety of periodicals, including the “Financial Times”, “The Wall Street Journal” and “Foreign Affairs.”

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