Tuesday, April 19, 2011

Even A Little Inflation Is Dangerous

In the below video, James Grant of the Interest Rate Observer, provides an interesting interview with Consuelo Mack of WealthTrack. In the interview, Grant points to the dangers of even a little inflation and this policy's impact on inflating asset prices. He believes the Fed's policy of targeting a 2% inflation rate is misguided and provides his rational in the interview. Mr. Grant's views of the market come from the bearish perspective; however, investors are wise to look at the market from the perspective of both the bulls and the bears so as to have a well formulated view of the market.

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