MAR 9, 2018
Erik Townsend of Macro Voices interviews Jim Grant of Grant's Interest Rate Observer. They discuss new Fed governor Powell, treasury yields and how far the FED go before something breaks. They discuss his outlook on inflation, gold, junk bonds, China and the drivers of long term debt cycles.
They reflect on History and what happened when the FED did not bail out the banks in 1920 and considerations on what actions the US government can take to deal with the debt.