L2 Capital

The L2 Capital Podcast focuses on potential opportunities in the market, and brings to you industry leaders and intelligent conversation about their respective areas of expertise. In this episode, Marcelo speaks to the famous editor and founder of Grant’s Interest Rate Observer, Jim Grant, who has been writing in this publication focused in the Capital Market since 1983 and has also written books, such as The Forgotten Depression. The conversation starts on the strong numbers coming from the Unites States: unemployment rates, the fiscal stimulus, and also the strong GDP, for instance. Questioned about the prospects on what is probably going to happen in 2019, Jim Grant says he believes the essential narrative today is about the growth of interest rates and its consequences. He talks about what the current FED policies and what they have wrought: great distortions and the pricing of assets. Looking back on what the FED did in the years of 2007 to 2009, Jim Grant highlights the need to do its best to raise the