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Courtesy of Jim Grant and Henry Blodget, one of the few newsletters that justify their cost.
Grant rocks. I hope he survives the free content media war. He's the original Greenspan Bubbler as far as I can tell.
That's twice tonight you reminded me of stuff I forgot to read this past week.
Free Grant and the Wilmot HFT roundtable. Shit where else can you get this @ midnight on a Saturday (and music to boot!)
What a pleasant surprise! I look forward to the free Grant report almost as much as i look forward to what i see here from you every day Tyler and crew!!! love ya and thankx!!!!!
Opportunists apply within.
Not the forum for this, but Zero Hedge is spreading through the interwebs...
i have to disagree that Grant's justifies it's cost.
jim is an interminable permabear. how do you make money with that? you dont. besides, can jim tell you which way interest rates are going? he never has been able to. he admits it. but you dont need grant's for that. they're synthetically low and will be indefinitely.
Grant's whole outlook is summarized by a cartoon from his own periodical. momma bear and papa bear in baby bear's room looking stern and disapproving. baby bear is in front of his computer gazing dejectedly at the floor. captioned "I just, you know, bought it. And it kinda tripled".
you go, baby bear!
Couple of observations.
If one looks at the chart on p. 11 of this issue and understands the implications, one could easily become a permabear. Whatever money one has made in paper assets probably won't be worth a whole lot when what that chart portends finally comes home to roost.
The subtitle of the publication is "Interest Rate Observer." Note it doesn't say "Predictor." Whether one agrees with Grant or not, he's never been in the business of clairvoyance. He tends to report recent historical trends. Often you can extrapolate from what he observes where things are headed.
As to interest rates remaining artificially low, I tend to agree. However, once China et al. cease buying our Treasury paper, the gig will be up, or so I believe.
Actually if you read this free issue you will find Grant's making some amazing calls back in March to buy financial stocks which have since soared. I believe that back in the heady days of 2005 Grant's even recommended some of the MBS credit default swaps that John Paulson used to make his fortune. So somebody is managing to make money with
I do agree with you up to a point in that Grant's constant advice to buy gold and sell T-bonds is probably a money-loser in the short/intermediate term, but if I had to pick two trades that should be surefire winners over the next, say, 20 year period, I think those are it.
Grant's has indeed been bearish on the market since the beginning of the great bull run in 1982, but that's because they perceived so clearly that the whole thing rested on a shaky edifice of debt and reckless central banking. Depending on how far the market crashes, their stance may yet be vindicated.
"...Grant's constant advice to buy gold and sell T-bonds is probably a money-loser in the short/intermediate term, but..."
i respect that. but, meanwhile, i have to eat and pay bills. i use a market neutral advisory service that makes money for me. it's called price. and it's free.
"Sold to you Uncle Sam" (last 2 paragraphs are solid gold),
and "China channels Monkeybrains" are simply outstanding.
Oh, and in case anyone was wondering- yeah, we're fvcked. Yep, pretty much.
Monkeybrains really made me stand up and pay attention.
This is a global debt bomb now.
We are going to need to push the reset button around 2012.
Go, go Mayan prophecy!
pdf link please?
Is this the equivalent of the magazine cover indicator? http://bit.ly/3cV8jc
what we need in the USA is what Larry Flynt (Hustler) recommended. I can't believe he came up with it......but I agree.
A National consumer strike day where everyone in the US takes the day off from work, does not go out to eat or buy anything protesting the big bank bailouts and the general destruction of the country economically and morally thru corrupt politicians, organizations, and laws.
I hope the guys that work for the local nuclear reactor go to work. And the police and firemen and hospital workers, and the guys that run the water and septic systems. Sure if you're a waiter or a financial guy, stay home.
Buy buy buy, buy more stock before the train leaves!!! All aboard!!
Thanks Tyler, last issue he said he was going on break, did not know he was going to publish prior to September... if folks on this blog would like to find out why Grant subscribers see this newsletter as a need not a want ... my suggestion is to read Grant's Mr. Market Miscalculates.
There is not a topical financial newsletter on this planet that years later is as still a fresh and entertaining read as Grants' .
WHat the hell? None of the converts he talks about trade at the prices he is mentioning?
has anyone here actually subscribed to Grant's after seeing this free issue? Just trying to figure out if it is worth the cost.
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