Olduvaiblog: Musings on the coming collapse

Home » Collapse » “Fed Has Fingers & Thumbs On The Scales Of Finance,” Grant Tells Santelli And It “Will End Badly” | Zero Hedge

“Fed Has Fingers & Thumbs On The Scales Of Finance,” Grant Tells Santelli And It “Will End Badly” | Zero Hedge


“Fed Has Fingers & Thumbs On The Scales Of Finance,” Grant Tells Santelli And It “Will End Badly” | Zero Hedge.

In a mere 140 seconds, Jim Grant explains to an almost stunned into silence Rich Santelli how we all “live in a valuation hall of mirrors” as the Fed manipulates everything. Thanks to it’s “fingers and thumbs on the scales of finance,” Grant continues, the Fed “insists on saving us from ‘everyday low prices'” – what they call deflation – and by doing so it manufactures “redundant credit” which “does mischief” in and out of markets. Grant, ominously concludes, “there is no suspense as to how [this will] end… [it will] end badly.”

Must watch… (especially for EM asset managers)…


Leave a Reply

Fill in your details below or click an icon to log in:

WordPress.com Logo

You are commenting using your WordPress.com account. Log Out /  Change )

Google photo

You are commenting using your Google account. Log Out /  Change )

Twitter picture

You are commenting using your Twitter account. Log Out /  Change )

Facebook photo

You are commenting using your Facebook account. Log Out /  Change )

Connecting to %s

Enter your email address to follow this blog and receive notifications of new posts by email.

Join 313 other followers

  • 69,560

Archives