By Pam Martens and Russ Martens: April 22, 2021 ~ The headline above was Point Number 6 in a multi-point Tweet offered by Grant’s Interest Rate Observer on November 18 of last year on how the Fed has grossly distorted markets. The 4,000-year claim is derived from the seminal book on interest rates, Sidney Homer’s A History of Interest Rates, Fourth Edition, co-authored by Richard Sylla. One of our readers recently sent us a link to a fascinating interview with James Grant, the Founder and Editor of Grant’s Interest Rate Observer. The interview was conducted in February by Consuelo Mack for the PBS program, WealthTrack. We listened carefully to the interview and were delighted to see that over the more than three decades that Grant has been chronicling the Fed’s thumb on the scale, the powerful forces on Wall Street have failed to compromise his voice. If anything, Grant has become … Continue reading “Today’s Rates, the Lowest in 4,000 Years, Harm Savers, Advantage Speculators, Misdirect Capital, and Perpetuate the Unnatural Lives of Failing Businesses…”