Jim Grant is like a funny cartoon character. Like Big Bird. Tall. Lanky. Goofy bow ties (like Jim Rogers). A doofus. He's even funnier looking than Schiff, but just as wrong--on interest rates, inflation, QE, the dollar, gold, the economy...you name it.
He says things like this:
"Central banks the world over have been suppressing [rates], manipulating them, and otherwise manhandling them," Grant argued, predicting "this experiment will end in failure" because price controls never work."
"Suppressing rates?"
"Manhandling rates?"
What's with the reference to masculinity (manhandling)? He seems to be terrified by it. It's some kind of violation (rape?) in his mind. It's a womanish statement.
And price controls never work? They work for monopolists, Jimbo. All the time. Just ask John D. Rockefeller.
Anyway he's saying the Fed will never get rid of the word "patient" when it comes to describing their position on accomodation.
With Grant saying that, I'll take that bet. I bet they remove it at today's meeting and in their statement. I'll buy the dollar and sell stocks for a trade. For today. Just to bet against Jim Grant.
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