Jim Grant Slams “Central Planning” Fed – “We Are Living In A Hall Of Mirrors”

Friday, December 20, 2013
By Paul Martin

by Tyler Durden

From the United States to Europe and Asia: The world’s central banks are flooding markets with liquidity and pushing deeper into unknown monetary policy territory. Jim Grant tells Germany’s Finanz und Wirtschaft that he “fears that this journey will not end well.” The sharply thinking Wall Street veteran doesn’t trust the theoretical models of the central banks and warns of irrational exuberance in the financial markets adding that “the stock market is increasingly full of stocks that are borne aloft by hope rather than demonstrated performance.”

The Rest…HERE

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