In this episode of Capital Account, Lauren Lyster speaks with Founder of Grant’s Interest Rate Observer, Jim Grant to speak about Europe, the Federal Reserve, and Quantitative Easing. As the Eurozone comes out of a weekend to resolve the debt crisis with more “to be determined,” are more people losing faith that Europe will make it? And when we talk about the exposure of US investors to Europe, in a case of unintended consequences is it because of Federal Reserve policies that fund managers took their money overseas to indebted banks and nations that now could stand to fail? And speaking of the Fed, are we seeing a campaign forming for more QE?
Dan Loeb’s Third Point Re To Merge After Years Of Losses
Last week, Third Point Re insurance, which is backed by US hedge-fund manager Daniel Loeb, said it would merge with Sirius International Insurance Group in a cash-and-stock deal worth around $788 million. The deal comes at a pivotal time for both companies. Third Point Re To Merge After Years Of Losses Early last year, reports Read More