The $17 Trillion Question — Live with Jim Grant

Published on
December 2nd, 2020
63 minutes

A World DeFAANG-ed: High-Beta Bets and Emerging Markets

The $17 Trillion Question — Live with Jim Grant

Live ·
Featuring James Grant

Published on: December 2nd, 2020 • Duration: 63 minutes

It isn't hard to find data indicative of the madness that pervades the current market environment, but to Jim Grant, founder of Grant's Interest Rate Observer, no data point encapsulates this quite as clearly as the staggering $17 trillion of negative-yielding debt outstanding in the world. As an avid historian of interest rates, Grant argues that the only certainty is that this will end and most likely it will end badly. In this interview with Max Wiethe, Grant explores why he is so certain that this monetary experiment will end badly, the unintended negative consequences that can be seen in credit markets as yield starved investors grope for any yield they can find no matter the risk, and the opportunities this presents for investors willing to bet that a guaranteed loss on your investment will eventually fall out of fashion. As well the pair will discuss the implications of Biden's selection of Janet Yellen as his Treasury Secretary and potential for a return to an inflationary environment. For Jim's charts, click here: