Wednesday, December 17, 2008

James Grant on Bloomberg TV

Jim Grant of Grant's Interest Rate Observer joins Bloomberg TV for an interview, and schools us all on the SEC and the recent monetary easing by the Federal Reserve.

Hear why Grant feels the SEC is an "irrelevant" institution, and why the latest Fed actions will lead to a further debasement in the US dollar and slow any economic recovery.

You'll also hear Jim's thoughts on where investment opportunities may be found in this crazy time of "zero yields", persistent gloom, and globally tanking stock markets.

No spoilers from your editor, just press play (click on the image link) and get it straight from the horse's mouth. Enjoy the clip.