James Grant: Negative Interest Rates Will End… Badly…”is this not the worst economy since 3,000 BC?”
by Matthew Borin via CFA Institute blog,
ZeroHedge.com
Aug 9, 2016
“Radical monetary policy begets more radical policy… It seems to me, at some point, markets or voters will put a stop to this.” If and when that time comes, Grant notes that investors will be looking for physical stores of wealth, explaining “the case for gold is not as a hedge against monetary disorder, because we have monetary disorder, but rather an investment in monetary disorder.”
The Rest…HERE
