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June 17, 2016, Vol.34, No.12


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Kitten up a tree

Sky-high asset prices make an odd accompaniment to softening business activity. Now what, First Chief Yellen?

Waiter, the check

People have to eat, and investors want to invest. The trouble, in 2016, is that the urge to eat and the propensity to invest have fallen out of phase.

We are Metro

Washington’s subway system has been 50 years in the unmaking. Problems do not become less problematic simply on account of their being familiar, the editor of Grant’s reminded the Washington, D.C. Chartered Financial Analysts.

Just enough hair

Widows, orphans and college students may avert their eyes. Now in progress

Can’t say goodbye

A correction of a correction. Now, please, go away.

Foreign and domestic

America is a massive net debtor to the world. Then, again – a mitigating fact – Americans are good investors.

Books by the editor

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

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About James Grant

James Grant founded Grant's Interest Rate Observer in 1983 following a stint at Barron's, where he originated the "Current Yield" column.

His books include works of financial history, finance and biography. They are: “Bernard M. Baruch: The Adventures of a Wall Street Legend” (Simon & Schuster, 1983); “Money of the Mind: Borrowing and Lending from the Civil War to Michael Milken” (Farrar, Straus & Giroux, 1992); “Minding Mr. Market” (Farrar, Straus & Giroux, 1993); “The Trouble with Prosperity” (Times Books, 1996);  “John Adams: Party of One” (Farrar, Straus & Giroux, 2005); “Mr. Market Miscalculates” (Axios Press, 2008); and “Mr. Speaker! The Life and Times of Thomas B. Reed, the Man Who Broke the Filibuster” (Simon & Schuster, 2011).

 

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