Jim Grant CNBC Tuesday MorningSubmitted by barracuda_trader on Tue, 12/17/2013 - 09:26
Fed is exercising 'price control': Expert
Robert Heller, former Federal Reserve governor, explains why the chances of a Fed taper this week are better than ever. And James Grant, Grant's Interest Rate Observer, provides insight on how the Fed's QE policy is impacting the economy. We are in a regime of price administration, rather than price discovery, adds Grant.