Tuesday, July 19, 2011

The Debt Ceiling: A Contrived Crisis

On the grounds that you can never be too well informed, I offer a recent Bloomberg interview with James Grant.

As you know, Grant is one of the savviest analysts of all things interest-rate related. He has no political skin in the games going on in Washington.

In fact, he thinks that the crisis in Washington is a contrivance, whereas the crisis in Europe is a real crisis.

Grant has lots more to say. I recommend the whole, short interview.

No comments: