Excellent Interview With Jim Grant On Bloomberg

I'd highly encourage everyone to listen to a thought provoking interview with Jim Grant. Grant's general conclusions are the unexampled incompetence of Wall Street and government officials hath brought doom upon our society. What a surprise that I agree. Okay, that's an understatement. A few comments. Grant seems to believe the underlying economy is sound. I know that is not the case. That's not an opinion. That's a fact. He's also concerned about inflation. Inflation is dead. I first wrote that nearly four years ago and nothing has changed in my models. For the record, the commodities market is telling us we are going to see deflation. Put that one in your pipe and smoke it.