The History of Modern Finance

A pictorial and musical journey in Grant's cartoons. . .

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August 24, 2016, Vol.34, No.SB


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2016 Summer Vacation Issue

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Trudges, the nation’s business

"Speculate" is the operative word. Economic cycles, interest rates and the dollar are the topics at hand. A skeptical eye on the world's "most crowded trade."

Sell Donald Trump

Crash or no crash, the personal stock of Donald J. Trump, the New York real-estate celebrity, was up. Up is Trump's favorite direction....

Driving the automo-bezzle

The automakers are selling more and more cars, or so they say. An inquiry into the meaning of the word "sell."

Paper tigers

A new high in the prestige of modern central banks was recorded two Fridays ago when Britain waylaid the gold market. Without warning, Her Majesty’s government announced the sale of more than half of the U.K. gold reserve, formerly called “treasure.”

Sell Big Food

Americans may be buying the stocks. They are not – as they have done in the past – buying the products. The trouble is that crowds are

Monetary regime change

On August 30, at the annual monetary jamboree of the Kansas City Federal Reserve Bank in Jackson Hole, Wyo., Alan Greenspan washed his hands of responsibility for the bubble he said he could not have pricked even if he had noticed it floating above his desk on a string.

Books by the editor

James Grant is the author of these books on finance and American history.

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