Controlled Greed (Free subscription) | 07/10/2008
From the Washington Post op-ed by James Grant (H/T Maoxian):Low interest rates, easy money and malleable accounting rules are what plunged Wall Street into crisis. Yet it is low interest rates, easy money and malleable accounting rules that top the...
Controlled Greed (Free subscription) | yesterday
Looks like a panic, folks. So I guess the Panic of 2008 will be listed with those of 1907, 1893 and so on. This is NOT a time to sell. That is, if you've been sensible. I saw that Jim...
Calculated Risk (Free subscription) | 06/10/2008
A discussion of Credit Default Swaps with an interview with Jim Grant on CBS 60 Minutes ...
NakedShorts (Free subscription) | 06/10/2008
NakedShorts has previously had occasion to point out that the cures currently proffered for the current attack of financial incontinence bear a striking resemblance to the underlying causes. So, welcome aboard, Jim Grant: Low interest rates, easy money and malleable...
Seeking Alpha (Free subscription) | 06/10/2008
Greg Newton submits: NakedShorts has previously had occasion to point out that the cures currently proffered for the current attack of financial incontinence bear a striking resemblance to the underlying causes. So, welcome aboard, Jim Grant: Low interest rates, easy money and malleable accounting rules are what plunged Wall Street into crisis. Yet it is low interest rates, easy money and malleable...
seeking spirit (Free subscription) | 06/10/2008
... storm and one that comes around perhaps once every 50 or 100 years. This is the real thing,” says Jim Grant, the editor of “Grant’s Interest Rate Observer.”Grant is one of the country’s foremost experts on credit markets. He says it didn’t have to happen, that this disaster was created entirely by Wall Street itself, during a time of relative prosperity. And they did it by...
