Jim Grant: 'Rising Interest Rates Are the Kryptonite of Financial Assets'
Episode description
Our guest this week is Jim Grant. Jim is the founder and editor of Grant's Interest Rate Observer, a twice-monthly newsletter on financial markets with a focus on bonds. He is the author of numerous books and has made frequent appearances in the financial press where his views on markets and the macroeconomy are much sought after. Before founding Grant's Interest Rate Observer, Jim did stints as a journalist, first as a reporter at The Baltimore Sun, and later at Barron's. He received his bachelor's degree from Indiana University and his master's in international relations from Columbia University.
Background
Grant’s Interest Rate Observer
The Forgotten Depression: 1921: The Crash That Cured Itself
Mr. Market Miscalculates: The Bubble Years and Beyond
Bagehot: The Life and Times of the Greatest Victorian
Inflation and Interest Rates
“Jim Grant: The Fed Cannot Control Inflation,” by Robert Huebscher, advisorperspectives.com, May 4, 2021.
“Jim Grant: The Trouble With Treasuries,” by James Grant, barrons.com, Oct. 11, 2019.
“The High Cost of Low Interest Rates,” by James Grant, wsj.com, April 1, 2020.
“Happy Birthday, Federal Reserve! Have Some Punch (Before the Bowl Gets Taken Away),” by Paul Vigna, wsj.com, Dec. 23, 2013.
“The Inflation Headshake,” by Eric Cinnamond, palmvalleycapital.com, March 9, 2022.
Horizon Kinetics Inflation Beneficiaries ETF
“Jim Grant: The Endgame for the Bull Market in Bonds,” by James Grant, barrons.com, Sept. 13, 2019.
“Jim Grant: Low Interest Rates Forever? Don’t Get Used to That Idea,” by James Grant, barrons.com, June 7, 2019.
“James Grant: Bitcoin and Other Bubbles,” Wealthtrack podcast, youtube.com, Feb. 26, 2021.
Policymaking
“Jim Grant: The Big Flaw in Ph.D-conomics,” by James Grant, barrons.com, July 19, 2019.
A History of Interest Rates, by Sidney Homer
Recession and Macroeconomic Forecast
“The Difficult Art of Conjuring Up Yield From Mortgage-Backed Securities,” by James Grant, barrons.com, March 15, 2019.
“The Fed Is Well Behind the Curve: Jim Grant,” cnbc.com interview, youtube.com, Feb. 25, 2022.