{"id":45379,"date":"2019-04-15T08:25:06","date_gmt":"2019-04-15T13:25:06","guid":{"rendered":"https:\/\/olduvai.ca\/?p=45379"},"modified":"2019-04-15T08:25:09","modified_gmt":"2019-04-15T13:25:09","slug":"the-world-wide-suppression-of-interest-rates-has-been-something-very-near-to-a-crime","status":"publish","type":"post","link":"https:\/\/olduvai.ca\/?p=45379","title":{"rendered":"The World-Wide Suppression of Interest Rates Has Been Something Very Near to a Crime"},"content":{"rendered":"\n<h3 class=\"wp-block-heading\"><a href=\"https:\/\/themarket.ch\/interview\/the-world-wide-suppression-of-interest-rates-has-been-something-very-near-to-a-crime-ld.85\">The World-Wide Suppression of Interest Rates Has Been Something Very Near to a Crime<\/a><\/h3>\n\n\n\n<p class=\"wp-block-paragraph\">James Grant, editor of the renowned investment newsletter \u00abGrant\u2019s Interest Rate Observer\u00bb, warns about the growing herd of corporate \u00abzombies\u00bb and other fatal market distortions caused by modern monetary policy.<\/p>\n\n\n\n<p class=\"wp-block-paragraph\">Once again, the expedition to go back to normal has been postponed. After the big market scare at the end of 2018, central banks have abolished their plans to tighten interest rates further. Wall Street loves it. The first quarter has been the best one for risk assets in a decade, and after Lyft\u2019s successful going public, a record year for IPOs seems to be in sight. Jim Grant observes the madding crowd from a sober distance. \u00abInterest rates are the traffic signals of a market economy. Turn them all green, and errors and pileups abound\u00bb, says the sharp thinking editor of the iconic Wall Street newsletter \u00abGrant\u2019s Interest Rate Observer. He states that a decade after the financial crisis, many companies are so heavily addicted to easy monetary policies that they wouldn\u2019t be able to survive on their own. Consequentially, the proficient value seeker has a hard time to find attractive investments in today&#8217;s markets. Where he spots rare opportunities, he tells \u00abThe Market\u00bb in this extended interview.<\/p>\n\n\n\n<p class=\"wp-block-paragraph\"><br><strong>Mr. Grant, once again, the Federal Reserve is giving investors the green light. US equities are off to their best start since 1998. What\u2019s your take on the current state of the global financial markets?<br><\/strong>Stocks are up, bond yields are down and economists are speaking of full employment: Everything seems perfect and improving. But I remain a non-believer in these modern monetary methods. If it were this easy, mankind would have solved the economic problems a long time ago.<\/p>\n\n\n\n<p class=\"wp-block-paragraph\">&nbsp;\u2026click on the above link to read the rest of the article\u2026<\/p>\n","protected":false},"excerpt":{"rendered":"<p>The World-Wide Suppression of Interest Rates Has Been Something Very Near to a Crime James Grant, editor of the renowned investment newsletter \u00abGrant\u2019s Interest Rate Observer\u00bb, warns about the growing herd of corporate \u00abzombies\u00bb and other fatal market distortions caused by modern monetary policy. Once again, the expedition to go back to normal has been [&hellip;]<\/p>\n","protected":false},"author":1,"featured_media":0,"comment_status":"closed","ping_status":"open","sticky":false,"template":"","format":"standard","meta":{"_monsterinsights_skip_tracking":false,"_monsterinsights_sitenote_active":false,"_monsterinsights_sitenote_note":"","_monsterinsights_sitenote_category":0,"footnotes":""},"categories":[2],"tags":[15750,303,20165,9300,534,8861],"class_list":["post-45379","post","type-post","status-publish","format-standard","hentry","category-economics","tag-christoph-gisiger","tag-fed","tag-grants-interest-rate-observer","tag-james-grant","tag-monetary-policy","tag-the-market"],"_links":{"self":[{"href":"https:\/\/olduvai.ca\/index.php?rest_route=\/wp\/v2\/posts\/45379","targetHints":{"allow":["GET"]}}],"collection":[{"href":"https:\/\/olduvai.ca\/index.php?rest_route=\/wp\/v2\/posts"}],"about":[{"href":"https:\/\/olduvai.ca\/index.php?rest_route=\/wp\/v2\/types\/post"}],"author":[{"embeddable":true,"href":"https:\/\/olduvai.ca\/index.php?rest_route=\/wp\/v2\/users\/1"}],"replies":[{"embeddable":true,"href":"https:\/\/olduvai.ca\/index.php?rest_route=%2Fwp%2Fv2%2Fcomments&post=45379"}],"version-history":[{"count":1,"href":"https:\/\/olduvai.ca\/index.php?rest_route=\/wp\/v2\/posts\/45379\/revisions"}],"predecessor-version":[{"id":45381,"href":"https:\/\/olduvai.ca\/index.php?rest_route=\/wp\/v2\/posts\/45379\/revisions\/45381"}],"wp:attachment":[{"href":"https:\/\/olduvai.ca\/index.php?rest_route=%2Fwp%2Fv2%2Fmedia&parent=45379"}],"wp:term":[{"taxonomy":"category","embeddable":true,"href":"https:\/\/olduvai.ca\/index.php?rest_route=%2Fwp%2Fv2%2Fcategories&post=45379"},{"taxonomy":"post_tag","embeddable":true,"href":"https:\/\/olduvai.ca\/index.php?rest_route=%2Fwp%2Fv2%2Ftags&post=45379"}],"curies":[{"name":"wp","href":"https:\/\/api.w.org\/{rel}","templated":true}]}}