Illyia's Heart on SI Message Board

STOCKTALK

We've detected that you're using an ad content blocking browser plug-in or feature. Ads provide a critical source of revenue to the continued operation of Silicon Investor. We ask that you disable ad blocking while on Silicon Investor in the best interests of our community. If you are not using an ad blocker but are still receiving this message, make sure your browser's tracking protection is set to the 'standard' level.

Politics : Illyia's Heart on SI

Public Reply Prvt Reply Mark as Last Read File

Previous 10 Next 10 Previous Next

From: illyia	5/9/2012 2:22:23 PM
	of 7567

Jim Grant: "The Fed Owns The Stock Market" By Tyler Durden zerohedge.com Created 05/09/2012 - 12:14 [1] Submitted by Tyler Durden [1] on 05/09/2012 12:14 -0400 Central Banks [2] Jim Grant [3] Moral Hazard [4] The dulcet tones of Jim Grant provided much food for thought on Tom Keene's Bloomberg Radio show this morning. While the interest rate observer did not change his tack on the extreme experimentation of world's central banks, he did have some new perspective on the incredible moral hazard (or unintended consequence) that is being created. One of his main criticisms is the incredible arrogance and conceit of a central banking system that believes it can see the future and thwart things before they come to pass, as he notes "I blame the central bankers for confusing the black art of central planning with the traditional art of central banking". He fully expects more easing by the Fed and its friends as he awaits their response to this latest stumble in the markets but what is most evident to him is that "The Fed owns the stock market" since they have financially repressed all investors into risky assets they now have been forced to have a moral responsibility to keep us safe in those assets - incredibly! The Fed is more likely than not to intervene with still more money-printing in any effort to keep this bubble afloat. What Jim focuses on is the morality in economics and the current immoral policies that have very bad consequences. Jim's discussion of the Fed begins around 6:05 and he dives into financial repression at the 9:44 mark Keene And Grant [5] by user5452365 [6] Similar Articles You Might Enjoy: Central Banks Jim Grant Moral Hazard Source URL: http://www.zerohedge.com/news/jim-grant-fed-owns-stock-market Links: [1] zerohedge.com [2] zerohedge.com [3] zerohedge.com [4] zerohedge.com [5] soundcloud.com [6] soundcloud.com

Report TOU Violation

Share This Post

Public Reply Prvt Reply Mark as Last Read File

Previous 10 Next 10 Previous Next