• Sprott Money
    05/26/2016 - 05:58
    How many “emergency” “secret” meetings do the central planners around the world need to have before the citizens of the respective countries begin to fully understand and take notice that something...

Grant's Interest Rate Observer: Free Best Articles Compilation

Tyler Durden's picture


For those bored with watching how much higher Getco and Citadel's algos can take the market on a resolution that is adverse for the US economy, that cuts consumer spending and cash flow, that does not address the real issue: government drunken sailor spending, and that means America will now labor for the next two months without being able to incur one additional dollar in net debt courtesy of breaching the debt ceiling on the last day of 2012 - in other words your typical kick-the-can-for-two-more-months non deal, we have good news: Jim Grant of Grant's Interest Rate Observer has released a compilation of his best articles from the past year for free to anyone who still cares about what actually may be happening in the US economy, besides the obvious - endless fiscal and monetary stimuli from both the Fed and Congress, which like, any lunch, are never free, even if the final invoice may take a while to arrive.

And since Grant's together with Kiril Sokoloff's 13-D and Bill Buckler's Privateer is one of the three "must read" newsletters for everyone remotely interested in finance, we urge readers to drag themselves away from tracking every tick in the Russell and read.

From Grant's (pdf link)

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Wed, 01/02/2013 - 12:02 | 3114941 speconomist
speconomist's picture

From Jim Grant and FREE!


Thanks, I'll take it.




I wouldn't read anything from Cramer even if he paid me.

Wed, 01/02/2013 - 12:07 | 3114947 Zer0head
Zer0head's picture

if you're using thedeal.com like virtually all HFs, M&A etc then you're getting it from Cramer

Wed, 01/02/2013 - 12:12 | 3114959 Careless Whisper
Careless Whisper's picture

Thanks for the post, Grant is awesome.

BTW did someone give the green light to ramp-up the leverage at the TBTF? I can't think of a reason for this, can any of you ?





Wed, 01/02/2013 - 12:19 | 3114978 Pladizow
Pladizow's picture

Grants most memorable quote for me was when he was asked how high the price of gold could go, he answered 1/T, where T is trust.

Wed, 01/02/2013 - 12:22 | 3114985 AndrewJackson
AndrewJackson's picture

He is the real deal, thats for sure. As someone else mentioned, it seems like it just isn't his time or zerohedge's for that matter of fact. Central planning will work until it doesn't.

Wed, 01/02/2013 - 12:51 | 3115046 Freddie
Freddie's picture

I always have been a huge fan of Jim Grant.  He tells the truth and has a great mind.  Awesome.

Wed, 01/02/2013 - 12:26 | 3114989 Cognitive Dissonance
Cognitive Dissonance's picture

Loose money and the chicks are free?  :)

<Free money and the chicks are loose doesn't really work either.>

Wed, 01/02/2013 - 12:09 | 3114950 I am a Man I am...
I am a Man I am Forty's picture

It's also adverse to the US Dollar => market goes north

Wed, 01/02/2013 - 12:09 | 3114952 tooriskytoinvest
tooriskytoinvest's picture

Economic Implosion Inevitable: Tax Rates Are Now PERMANENT! Any Deficit Reduction Will Have To Come From Spending Cuts. The Expiration of A Payroll Tax Cut Is Just The Beginning As The Fiscal Deal Will Increases Debt By $4 Trillion Over 10 Years! Market Rally Won't Last More Than 24/48 Hours.


Wed, 01/02/2013 - 12:09 | 3114955 Cognitive Dissonance
Cognitive Dissonance's picture

Sadly truth speakers like Grant are simply pissing in the wind. Their time will come, but not now.

The truth is still not welcome in Whoville.

Wed, 01/02/2013 - 12:15 | 3114968 crzyhun
crzyhun's picture

IMHO, Jim is right up there with the other material here on ZH. Thanks for the NY's gift.

Wed, 01/02/2013 - 12:17 | 3114976 luna_man
luna_man's picture



Thank you! Added to favorites...If I should get bored!



Wed, 01/02/2013 - 12:36 | 3115002 Clowns on Acid
Clowns on Acid's picture

Jim Grant is the best ! Unfortunately Jim will be a footnote in the upcoming socio-economic calamity.

Debt ceiling talks take ES down, but no worries, the Bernamk will be there to ensure any shortfall via taxes will be made up in Fed / Obaa stimulus. That should put the real bid into PMs. Then of course come the restrictions, as the market borrows ZIRP $$ and buys PMs.

Wed, 01/02/2013 - 12:41 | 3115012 H E D G E H O G
H E D G E H O G's picture

"government drunken sailor spending" Dammit! As an ex sailor, WE demand a retraction of this most onerous comparison!

Wed, 01/02/2013 - 20:48 | 3117047 hairball48
hairball48's picture

Hear! Hear! USN 1968-74

Wed, 01/02/2013 - 12:45 | 3115026 Babalooee
Babalooee's picture

It's always a bit funny that the function of economic planning is to engineer out the unpredictable and calamitous, thereby meaning a successful model can’t include such (unsuccessful) events, which ultimately makes it an non-inclusive, or unsuccessful model.

Wed, 01/02/2013 - 12:53 | 3115052 Irelevant
Irelevant's picture

Where is that DOW 30000 HAT? Here we come :).

Wed, 01/02/2013 - 12:55 | 3115061 JR
JR's picture

“You’re going to have to undoubtedly do something to lower people’s expectations: the entitlements [Social Security and Medicare], and what people think that they’re going to get, because it’s not going to…they’re not going to get it.

That was Lloyd Blankfein’s response to what Washington should do about the national debt and fiscal cliff.

Whose lunch is free, it seems, depends on who is taking whom to lunch and picking up the tab.

In the trail of money, most of the trillions in Federal income and QE inflation taxes are being lifted from the citizen and heading straight to the banks. So, as workers' earnings up to $113,700 are dunned 12.4 percent in Social Security taxes this year,  Lloyd is taking it in stride.

Prior to Goldman Sachs’ bankruptcy in 2008 and subsequent taxpayer bailout, Lloyd’s compensation from Goldman was a record-setting $67.9 million award for 2007.  One year after insolvency, from Goldman’s free or low cost capital supplied by broke American taxpayers, Goldman boosted compensation and benefits by 33 percent with compensation per employee reaching $773,000.

Helping to pick up the tab and to make ends meet, America’s employees and employers this year now will each pay 6.2% (total 12.4%) of each paycheck into SS. The Medicare tax rate of 1.45 percent each for the employee and employer has no wage base limit.

In addition, per NY Daily News: High-income families will also pay higher taxes this year as part of Obama's 2010 health care law. As part of that law, a new 3.8 percent tax is being imposed on investment income for individuals making more than $200,000 a year and couples making more than $250,000.

Is this what Marie Antoinette meant, when told there was no bread for the people, said: “Let them eat cake”?

Wed, 01/02/2013 - 13:07 | 3115101 GMadScientist
GMadScientist's picture

"Let them borrow money to buy cake"

Wed, 01/02/2013 - 13:47 | 3115255 DOT
DOT's picture

The cake is a lie !


But  we all will get "pie in the sky, when we die"

Wed, 01/02/2013 - 14:06 | 3115352 Tombstone
Tombstone's picture

Thanks for the info.  This beats Krammer-crap and Gross-grossness by a country mile. 

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