Jim Grant: We're already in a recession; Fed made terrible Call

Jim Grant, author of Grant’s Interest Rate Observer, discusses the Fed’s impact on the market and the danger of falling back on negative rates.

Jim Grant, author of Grant’s Interest Rate Observer, explains why the Fed could pursue more radical measures.

Yellen made her case before Congress on Wednesday, but closely-watched interest rates expert Jim grant, thinks the Fed’s outlook is wrong.

Blue Mountain Credit Fund still in the red YTD; here are their biggest holdings

Blue Mountain Credit Alternatives Fund was up 0.36% for November, although the fund remains well into the red for the year. For the first 11 months, the fund was down 24.85% gross. Q3 2020 hedge fund letters, conferences and more Blue Mountain's fundamental credit strategy was up 0.63% for November, including a 1.09% gain for Read More

Central Banks: Show Me the Inflation!

The Fed rightly sets its goal for inflation at 2%. Positive inflation has a number of benefits. Most importantly, it allows for more flexible monetary policy by opening the door to negative real rates to stimulate the economy. Furthermore, price increases can have a positive impact on sentiment. For years, the Fed and other central banks have espoused this target but where is the inflation? In the U.S. the CPI rose less than 1% last year. In Japan, prices actually feel. In the countries of Northern Europe there is fear of deflation. So if the central banks maintain these targets, I say, “show me the inflation.”