Jim Bianco, president of Bianco Research, LLC, joins the team to talk bonds, the Fed and much more.
1:00 Where are rates going?5:51 The Fed and the Heisenberg principle11:07 Potential consequences of a decade of interest rate price control15:10 The significance of a three percent 10-year yield
James "Jim" Grant is an American writer and publisher and the founder of Grant's Interest Rate Observer, a twice-monthly journal of the financial markets. He is the author , most recently, of The Forgotten Depression: 1921: The Crash That Cured Itself. Grant's television appearances include "60 Minutes," "The Charlie Rose Show," Bloomberg TV, CNBC and other well-known financial news sources. His journalism has appeared in a variety of periodicals, including the "Financial Times", "The Wall Street Journal" and "Foreign Affairs."