Jim Grant

"The Fed Has Mastered Market Manipulation" - Bill Gross Explains Why He Is Not A "Broken Clock"

"The problem with Cassandras, such as Gross and Jim Grant and Stanley Druckenmiller, among a host of others, is that we/they can be compared to a broken watch that is right twice a day but wrong for the other 1,438 minutes. But believe me: This watch is ticking because of high global debt and out-of-date monetary/fiscal policies that hurt rather than heal real economies. Sooner rather than later, Yellen’s smooth shot from the fairway will find the deep rough."

GoldCore's picture

Possibly, the most vitriolic, hateful and divisive election in U.S. history is set to be witnessed and this will likely lead to considerable volatility in markets and should see the dollar come under pressure. Seasonally gold is entering the sweet spot with the Autumn being gold's best season and with September being gold's best month (see chart)

Jim Grant: "This Will Turn Out To Be Very Bad For Many People"

"The stock market is at record highs and the bond market is acting as if this were the Great Depression... the Fed is virtually a hostage of the financial markets. When they sputter, let alone fall, the Fed frets and steps in... the Fed is justified in that belief because it is responsible to a great degree for the elevation of financial asset values... and to me, gold is a very timely way to invest in monetary disorder."

"This Whole Mania Will End Tragically" - Impermanence & Full-Cycle Thinking

"This whole speculative mania will end tragically. How did we not learn this from 2000-2002, or 2007-2009, or the collapse of every other mania in history? My sense is that it’s a mistake to assume that yield-seeking hasn’t been fully exhausted across every class of securities...For those who insist that there is always a bull market somewhere, I would suggest that the most likely bull market to emerge here will be in bear market assets."

Former Fed President: "All My Very Rich Friends Are Hoarding Cash"

Fisher’s most telling comment came during the Q&A session when he was asked how his personal portfolio was positioned. Fisher’s response: “In the fetal position.” Moreover, he also said that “all my very rich friends are hoarding cash.” 

Jim Grant: Gold Isn't A Hedge Against Monetary Disorder, It's "An Investment In It"

"The degree of which I am bullish gold, I would characterize as 'very'. I would characterize gold not so much as a hedge against monetary disorder, but as an investment in it. People will say well that's a hedge against armageddon, no, armageddon doesnt' happen mostly, but what we are in the midst of is monetary shenanigans, and I see no real chance of being fewer of them, and a great chance there will be more of them."

GoldCore's picture

London Property Bubble Bursts

The London property bubble shows renewed signs that it is beginning to burst. Property sellers in the UK have reduced their asking prices and London property prices have fallen by 7.8 per cent on average and as much as 30% in some areas according to City AM today.

Jim Grant Asks When The World Will Realize "That Central Bankers Have Lost Their Marbles"

Does the deployment of helicopter money not entail some meaningful risk of the loss of confidence in a currency that is, after all, undefined, uncollateralized and infinitely replicable at exactly zero cost? Might trust be shattered by the visible act of infusing the government with invisible monetary pixels and by the subsequent exchange of those images for real goods and services? To us, it is the great question. Pondering it, as we say, we are bearish on the money of overextended governments. We are bullish on the alternatives enumerated in the Periodic table. It would be nice to know when the rest of the world will come around to the gold-friendly view that central bankers have lost their marbles. We have no such timetable. The road to confetti is long and winding.