Grant's Interest Rate Observer June 28th Issue is Released & Trial Subscription Offer Extended
NEW YORK, June 26, 2013 /PRNewswire/ -- Grant's Interest Rate Observer is extending its offer of an 8 issue trial subscription to first time subscribers. The trial subscription is $369 (US), which includes a complimentary copy of Jim Grant's "Mr. Market Miscalculates" a book described by the Financial Times as, "the most perceptive book on the current financial crisis yet published."
The June 28th issue of Grant's Interest Rate Observer, a 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.
The current issue includes the following articles:
Revenge of the invisible hand
Only last month, stocks and real estate and other income-producing assets were capitalized for a 2% 10-year Treasury yield. But if 2% was a fake rate of interest, the valuations deriving from 2% were likewise ersatz. Thus, the world is making adjustments. Interest rates, causes and consequences, are the subject at hand. Subsidiary points of focus include monetary management and—a somewhat lengthier topic—monetary mismanagement. For the sake of his always-fragile mental health, Mr. Market might recall a relevant precedent to today's bond upheaval. Our plan of action is to place today's turmoil in historical context, to review the dramatic events of recent weeks and, most important, to propose a course of investment action suitable for the occasion.
If accountants ruled the world
In the second quarter, the net asset value of the portfolio that Ben S. Bernanke manages declined by one-third of 1%. In contrast, the net asset value of the portfolio that Bill Gross manages declined by 5.2%. How did the chairman outperform Gross? Footnotes to the Fed's H.4.1 report reveal Bernanke's secret.
Contact
To learn more please contact
Eric Whitehead, Media Relations
2 Wall Street, New York NY
Office: (212) 809-7994
Fax: (212) 809-8492
To follow Jim Grant on Twitter: @GrantsPub
SOURCE Grant's Interest Rate Observer
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