Thursday, January 15, 2015

Jim Grant On The Swiss Shocker

Jim Grant echoes my thoughts from this morning:

"It is a day to take the measure of our infatuation with central banking."

He goes on to discuss how this move will impact soaring real estate prices in Switzerland and the global bond bubble driven by central banks around the world. Incredibly, Grant actually explained why the Swiss would make this move in his September 2014 Interest Rate Observer.

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