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Jim Grant: All Global Prices Are Artificial Thanks to Central Banks
Monday, August 24, 2015 12:35
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Jim Grant appeared on CNBC this morning with an explanation of the underlying reason why United States stocks just plummeted. His core message is that capitalism requires both success and failure. When central bankmonetary policy corrupts pricing as thoroughly as it currently has, it ruins the market’s ability to withstand healthy business failures. Grant doesn’t talk about it in this interview, but just a month ago he reminded us of the best assets to hold as protection from this distorted financial world – precious metals …. http://schiffgold.com
Source: http://luismmx.blogspot.com/2015/08/jim-grant-all-global-prices-are.html
