The Calm before the Storm: Defaults Ahead
Fergus Hodgson, September 21, 2018 
Jim Grant of Grant’s Interest Rate Observer has more than three decades of experience monitoring macroeconomic metrics, and he is aghast at the post-Great Recession era. We are in uncharted waters, in terms of low and negative interest rates and seemingly worldwide and unprecedented currency devaluation.
While Grant is reluctant to offer timing for the next correction, in what he calls the “default cycle,” he believes the US economy is already overdue. He also fears the next correction could be even more severe and long lasting than the previous one.
For Gold Newsletter readers and listeners, Grant has offered a special on subscriptions to his publication. Those who do so via this link will get complimentary access to the videos from his next conference in New York City. You can also hear from and meet Grant at our own upcoming New Orleans Investment Conference on November 1-4.
James Grant believes we are at a singular moment in the history of finance and interest rates. (The Browning School)
Recommended Links
- Grab a copy of A History of Interest Rates, a book by Sydney Homer and Richard Sylla.
- Check out Deustche Bank’s research paper “The History (and Future) of Inflation.”
- Read more about Walter Bagehot, former editor of the Economist.
Fergus Hodgson is Gold Newsletter’s roving editor. Follow him on Twitter and Facebook.