Monday, July 18, 2011

US debt crisis is contrived, says Jim Grant

The US debt crisis is a contrived political showdown, James Grant tells Bloomberg TV. If you want a real crisis, look to Europe, says Grant. 

Also up for discussion: the 30 year bull market in US Treasuries and the risks associated with government paper. Plus, the future of monetary arrangements and the gold standard vs. the "Phd standard". Enjoy the clip.