BITCOIN IS ONE OF MANY BUBBLES OF HISTORIC PROPORTIONS TODAY SAYS FINANCIAL HISTORIAN JAMES GRANT

February 26, 2021

NEW THIS WEEK…
The balance sheet of the Federal Reserve continues to surge at an unprecedented rate, up 83% y/y to a historic level, $7.59 trillion at the latest count.
According to our WEALTHTRACK podcast guest, financial historian, and long-time market observer James Grant, interest rates, the “central pricing mechanism for financial markets” have been pushed to artificially low levels by the Fed’s policies which have created numerous market bubbles. He cites Bitcoin as one of the most extreme examples.

WEALTHTRACK Episode #1735; Originally Broadcast on Feburary 26, 2021

Listen to the audio only version here:

JAMES GRANT


ON THE BOOKSHELF:


James Grant from the WEALTHTRACK Archives:






A major theme of the Biden administration is social equity, bringing disadvantaged groups into the mainstream with better education, jobs and income opportunities. It’s a mission legendary investor Joel Greenblatt has devoted much time, effort and thought to which is why, during the first week of Public Television’s winter fundraising season, we are rerunning our recent interview with Greenblatt about his new book, Common Sense: The Investor’s Guide to Equality, Opportunity, and Growth.You can watch the episode again here.


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