Tag: episode_1518
CREDIT MARKET MAVEN AND HISTORIAN JAMES GRANT ON WHY INTEREST RATES MATTER
Why interest rates still matter with influential financial journalist and historian James Grant.
CASE FOR GOLD
CASE FOR GOLD
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– Unloved
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– Underperformed other assets
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– Relatively cheap
Off 35% from 2011 high of $1900/ounce
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– Inflation hedge as inflation rises
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– Non-correlated to the stock market
GOLD ETFs
GRANT ON BAGEHOT: LASTING INFLUENCE
BAGEHOT: LASTING INFLUENCE
James Grant, the author of several books including biographies of Bernard Baruch and John Adams just finished one on Walter Bagehot, one of the most influential journalists of the Victorian era. Bagehot, editor of The Economist was himself an economist and expert on central banks. He became famous for his Bagehot’s rule which has been summarized as calling for central banks in times of financial crisis to: “lend without limit, to solvent firms, against good collateral, at ‘high rates’.” Grant’s “The Life of Walter Bagehot” will be published next year.
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