NEW YORK, Sept. 18, 2013 /PRNewswire/ -- The September 20, 2013 issue of Grant's Interest Rate Observer, an independent, value-oriented and contrary-minded journal of the financial markets, is published and available to the public. This issue is now available for download at www.grantspub.com for all subscribers.
To subscribe or take advantage of our current trial subscription offer, please visit: http://www.grantspub.com/subscribe or call John D'Alberto: (646) 312-8890.
The current issue includes the following articles:
Memo to Morgan Stanley
On the occasion of the fifth anniversary of the 2008 financial upheaval, the CEO of Morgan Stanley, James P. Gorman, told the TV cameras, "I would say the probability of it happening again in our lifetime is as close to zero as I can imagine." We write to dispute that contention.
We said, he said
A new Hedgeye report on a midstream energy behemoth says "sell." A 2012 Grant's article on the same business said "buy." What did the bears just say? And what do we say now?
Forest and trees
Earlier this month, Jason Kidd bought $500,000 worth of the team of which he's the head coach, the Brooklyn Nets of the National Basketball Association. How different things might have been had he invested in the company that owns a portion of the team rather than the team itself.
Not so golden
Grant's draws the veil of charity over a certain exploration company.
Thin gruel for the yield-starved.
On September 11, Verizon Communications issued $49 billion of debt, the most ever sold by any company in one fell swoop. Records keep falling in the corporate bond market, though—this is a forecast—investors will one day wish they hadn't.
To learn more please contact:
Eric Whitehead, Media Relations
Two Wall Street, New York, New York 10005
Office: (212) 809-7994
Fax: (212) 809-8492
To follow Jim Grant on Twitter: @GrantsPub
SOURCE Grant's Interest Rate Observer