Jim Grant explains how Central Banks are Waging War on Supply and Demand

How would the economy function without the central planners and their open market operations? How would the sacred rate of interest be determined without the shepherds at the Fed? Surely there must be someone to guide the economy…

To help guide us in our pursuit of answers on this, and other topics, is Jim Grant, author and editor of Grant’s Interest Rate Observer.

Seth Klarman Tells His Investors: Central Banks Are Treating Investors Like “Foolish Children”

Volatility"Surreal doesn't even begin to describe this moment," Seth Klarman noted in his second-quarter letter to the Baupost Group investors.  Commenting on the market developments over the past six months, the value investor stated that events, which would typically occur over an extended time frame, had been compressed into just a few months. He noted Read More