Fans of James Grant know very well that for the past few years, this exceptional market historian has sounded the alarm on the unintended consequences of central bank money printing. Fans of Broyhill (there still may be a few) understand that we too are concerned with the long term dangers presented by fiat monies. Even still, we believe these dangers are a bit further on the horizon than consensus, and as a result, select opportunities remain on offer in fixed rate investments (to be further discussed tomorrow).
That being said, we must admit that this recently discovered and extremely rare footage of Fed Chairman Ben Bernanke’s childhood is quite disturbing. This is truly an extraordinary find! Thanks for sharing Robert!