Business news without the bullshit

We're all lab rats now

James Grants on the great Fed experiment

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"Non-stop chromic interventions"

James Grant of Grant's Interest Rate Observer Founder speaks about the unintended consequences of quantitative easing.

He says the Fed is subsidizing speculators, starting savers, and levitating assets.

Fed chairman says: "We are learning as we're doing." This makes us all lab rats in a big experiment.

We've got junk bonds without the junk bond dates.

Credit markets convey useful information when they are not interfered with.

Who made the Federal Reserve the fourth branch of government?

This is a great policy for Greenwich, Connecticut.

Rates are prices. Rate control is an admission of failure.