Jim Grant stops by CNBC and gives a colorful interview where he covers the Fed's "backward shooting gun" and its similarities to the Libor scandal, while also suggesting walnut trees over treasuries as a thirty year investment.
"Everyone is talking about the "perfect storm": the fiscal cliff, and China, and Greece, and Europe, there is a constellation of bad news: the Wall Street Journal is the grimmest reading in years. How can this be a perfect storm if we can see it coming?"
Definitely worth a watch:
*HT Zero Hedge.
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