Monday, March 19, 2007

Grant's Interest Rate Observations

Jim Grant, the eponymous founder and editor of "Grant's Interest Rate Observer," recently granted Bloomberg television an interview.

This discussion is a must-watch for anyone interested in real estate or the financial markets.

The best quote of the interview:

"The troubled part of the mortgage market is immense... The legacy of these reckless lending practices will be with us for a very long time."
LIV

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