It took a viral invasion to unmask the weakness of American finance. Distortion in the cost of credit is the not-so-remote cause of the raging fires at which the Federal Reserve continues to train its gushing liquidity hoses.

 

Read the Full Article Here: https://frank-k-martin.com/2020/04/04/jim-grant-cost-interest-rates/

Author: Frank K. Martin, CFA

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