Jim Grant: The Fed’s Move From Central Banking to Central Planning + Thoughts On China

David Westin, Bloomberg Business, Released on 6/23/16

James Grant of Grant’s Interest Rate Observer discusses his advice for the Fed, his prediction for the Fed’s next move to be a reduction in rates and the consequences of a timid Fed.

Part 1 (part 2 below)

Jim Grant talks about the Chinese government’s massive debt problem.

Part 2

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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