Jim Grant. Is the Bernanke Fed Making a Big Mistake?

[biaggio]

http://www.realclearmarkets.com/video/2011/04/01/is_the_bernanke_fed_making_a_big_mistake.html

 

Jim Grant says that fed is not only manipulating(or trying to manipulate) interest rates, the economy but also the stock markets.

 

Calls Bernake the anti Graham.

 

Says we should keep some cash to take the opportunity of cheap(er) stocks which will occur as a result of higher interest rates which will occur when we get a sudden unexpected jump in inflation.