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Explore every episode of the podcast Grant's Current Yield Podcast

Dive into the complete episode list for Grant's Current Yield Podcast. Each episode is cataloged with detailed descriptions, making it easy to find and explore specific topics. Keep track of all episodes from your favorite podcast and never miss a moment of insightful content.

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TitlePub. DateDuration
OBSCURING THE CYCLE10 Nov 202500:46:01

With special guest Dan Zwirn, CEO and CIO of Arena Investors. 

A CERTAIN SKEPTICISM09 Jul 202500:34:10

With special guest Dean Curnutt, founder and CEO of Macro Risk Advisors. 

GROWTH AND PROFITABILITY20 Nov 202400:31:45

With special guest Dev Kantesaria, founder and portfolio manager of Valley Forge Capital Management. 

Home Alone27 Dec 201900:24:12
Jim Grant delivers a holiday message and review of 2019 financial events.   1:15 The state of the world as 2020 looms.   7:45 All things cyclical   11:30 The repo hiccup and unscripted events.   17:15 UST margin demand: a product of unnaturally-low rates?   Subscribe to Grant's Podcast on iTunesStitcheriHeart Radio and Google Play Music. Grant's Interest Rate Observer is available at http://www.grantspub.com
Winter reading22 Dec 201900:29:39

@AmitySchlaes, author of "Great Society: A New History," stops by the office to discuss her new book.

http://www.amityshlaes.com

2:24 #BrettonWoods and the "bonanza"

8:50 Michael Harrington goes to Washington 

13:10 Arthur Burns: A Greek tragedy

19:45 Presidential pressure on the Fed, then and now

Subscribe to Grant's Podcast on iTunesStitcheriHeart Radio and Google Play Music. Grant's Interest Rate Observer is available at http://www.grantspub.com

 

Around the horn15 Dec 201900:21:23
Each analyst identifies a notable recent event. Jim provides a winter reading recommendation.   1:40 Dazed and confused 4:18 Crude oil and the VC market 10:24 Jim reviews "#1931" by #TobiasStraumann (shorturl.at/ioJS0)   Subscribe to Grant's Podcast on iTunesStitcheriHeart Radio and Google Play Music. Grant's Interest Rate Observer is available at http://www.grantspub.com.    
Growth Market06 Dec 201900:25:41

Don Coxe, chairman at Coxe Advisors LLP and commodity investor par excellence, calls in to discuss the latest in agriculture and its implications. www.coxeadvisors.net/

1:31 A contrarian look at the climate

8:38 An opportunity in natural gas?

14:07 The Maunder Minimum

17:20 A new commodity boom:  Wither inflation?

Subscribe to Grant's Podcast on iTunesStitcheriHeart Radio and Google Play Music. Grant's Interest Rate Observer is available at http://www.grantspub.com

It's a gusher22 Nov 201900:27:48
Leigh Goehring and Adam Rozencwajg stop by the office to discuss opportunities in natural resources. www.gorozen.com   1:10 #Apple worth more than the entire energy sector   4:19 What's happening with shale?   12:21 Tier-one wells on the wane   18:43 Bargains abound in energy   Subscribe to Grant's Podcast on iTunesStitcheriHeart Radio and Google Play Music. Grant's Interest Rate Observer is available at http://www.grantspub.com
A short-seller in action16 Nov 201900:47:33
In October 2017, Marc Cohodes unveiled a new idea to the Grant's conference crowd. @AlderLaneeggs   His remarks follow. 3:20 Free speech - for the bulls 18:58 Taking things personally 28:45 A common theme 35:12 "This is not a game"   Subscribe to Grant's Podcast on iTunesStitcheriHeart Radio and Google Play Music. Grant's Interest Rate Observer is available at http://www.grantspub.com
Let the analytics department pitch to Drumbowski08 Nov 201900:22:02
Jim, Evan and Phil recap highlights from the Grant's 2019 fall conference and discuss a recent sea change in the business environment.   1:49 #Uber, #Grubhub and business model limitations 6:20 Private equity's smooth marks 10:45 Fair and foul, and foul fair 14:12 World Series postmortem 18:50 Balance sheet ignition   Subscribe to Grant's Podcast on iTunesStitcheriHeart Radio and Google Play Music. Grant's Interest Rate Observer is available at http://www.grantspub.com

 

Time to make the Donuts18 Oct 201900:26:37

Twitter user @Donutshorts calls in to discuss his investment process, assess the world at large and identify some companies which may offer compelling opportunities on the long and short side. 

0:55 Positioning in an "everything bubble"

6:15 WeWork and trouble in tier-one real estate

11:30 Low rates in the U.S., negative rates elsewhere.  Convergence coming?

17:30 Opportunities and risks in the energy patch

20:20 Uber, unicorns and free money

Subscribe to Grant's Podcast on iTunesStitcheriHeart Radio and Google Play Music. Grant's Interest Rate Observer is available at http://www.grantspub.com

Goldfinger11 Oct 201900:27:41
Rick Rule, president and CEO of Sprott U.S.A. Holdings, Inc., calls in to discuss the outlook for precious metals and offer suggestions on the best ways to invest. http://www.sprottusa.com @RealRickRule   1:26 A word from Lord Liverpool 5:30 Rick's view of cryptocurrencies 10:57 How to buy gold? 14:30 The outlook for mining shares 20:48 "I just believe it goes higher"

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Don't fear the repo03 Oct 201900:25:24

George Selgin, director of the #Cato Institute's center for monetary and financial alternatives, calls in to discuss remarkable recent events in the banking system and the potential implications.

@GeorgeSelgin

1:21 A money market which fails to clear

5:45 Interest on excess reserves: Unintended consequences

11:24 Too much collateral = too much debt?

15:50 More QE on the way

20:10 Fixes to fixes to fixes

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NOT SO GOOD NEWS18 Oct 202400:32:22

With special guest Lakshman Achuthan, co-founder of Economic Cycle Research Institute. 

Two for the price of one21 Sep 201900:30:21
Bianco Research president and eponym Jim Bianco calls in to help us make sense of last week's chaos in short term lending rates. Jonathan Tepper, founding partner at Variant Perception, assesses the commercial landscape and identifies potentially attractive opportunities. @biancoresearch @jtepper2 @VrntPerception   8:15 Why didn't the banks arbitrage those high rates? 13:50 Excess reserves and post-crisis regulation 19:00 Corporate competition on the wane 24:20 Europe set for a rebound?   Subscribe to Grant's Podcast on iTunesStitcheriHeart Radio and Google Play Music. Grant's Interest Rate Observer is available at http://www.grantspub.com
A conversation with the Dean of High Yield12 Sep 201900:33:42

Marty Fridson,  chief investment officer Lehmann, Livian, Fridson Advisors LLC and "One of Wall Street's most thoughtful and perceptive analysts" according to the New York Times, stops by to discuss all things credit.

2:54 What's new in high-yield and leveraged loans  

7:30 Marty's preferred income-generating assets

13:00 A garden-variety recession:  Enough to spur widespread defaults?

19:24 Price controls, central planning and central banking

24:03 Can negative-yielding issuers default?  

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He begs to differ13 Aug 201900:22:00

Tuomas Malinen, PhD (econ.) CEO of GnS Economics Limited and Adjunct Professor of Economics at the University of Helsinki, calls in to express his concerns with modern theory and practice.

2:00 Applying scientific principals to economics

6:24 Groupthink in action

13:10 Central banks and intellectual dissent  

15:20 MMT: the endgame

17:32 Investment implications

Subscribe to Grant's Podcast on iTunesStitcheriHeart Radio and Google Play Music. Grant's Interest Rate Observer is available at http://www.grantspub.com

Jay versus the volcano04 Aug 201900:27:57
Jim Bianco, president of Bianco Research, calls in to discuss the state of markets and central banking following Wednesday's rate cut. @biancoresearch https://www.linkedin.com/in/james-bianco-117619152/   2:25 Press conference post-mortem 8:01 Inverted yield curve: predictor of recession, or cause? 14:10 Negative rates on the way for the U.S.? 21:41 Jim's interview at the Fed

Subscribe to Grant's Podcast on iTunesStitcheriHeart Radio and Google Play Music. Grant's Interest Rate Observer is available at http://www.grantspub.com

The data couldn't be clearer14 Jul 201900:23:31
Jay Van Sciver, head of industrials at Hedgeye Risk Management, comes by to discuss opportunities in cyclicals, the state of the economy and some of our favorite profitless unicorns. @hedgeyelndstrls https://www.linkedin.com/in/jay-v-6740985/   2:10 Decelerating growth and replacement demand 5:13 Jay's preferred metrics 11:07 Why don't Uber and Lyft make money? 15:38 Down on the farm 18:26 Jay's favorite ideas

Subscribe to Grant's Podcast on iTunesStitcheriHeart Radio and Google Play Music. Grant's Interest Rate Observer is available at http://www.grantspub.com

Middle Kingdom microscope05 Jul 201900:29:58

Carl E. Walter, longtime bank executive and coauthor of "Red Capitalism," joins the program to discuss important recent happenings in China.

2:55 Reading the tea-leaves
8:12 Baoshang Bank: A small fish causing big problems
14:12 Hong Kong and the mainland
19:56 More stimulus on the way?
24:38 Swapping loans for bonds

Subscribe to Grant's Podcast on iTunesStitcheriHeart Radio and Google Play Music. Grant's Interest Rate Observer is available at http://www.grantspub.com

Freshly seasoned25 Jun 201900:29:48

Dan Fuss, vice chairman of Loomis, Sayles & Company and fixed income investor extraordinaire, calls in to discuss the state of markets in 2019. @LoomisSayles www.loomissayles.com

https://www.linkedin.com/company/loomis-sayles-&-company/

https://www.facebook.com/pages/Loomis-Sayles/309712695756188

1:36 A rate-hike shock collar

8:12 Negative rates and the nature of safety

17:07 The 1984 bear market retest: Symmetry?

22:44 The "flow of funds phenomenon"

27:00 Dan's positioning

Subscribe to Grant's Podcast on iTunes, Stitcher, iHeart Radio and Google Play Music. Grant's Interest Rate Observer is available at http://www.grantspub.com

Research Triangle21 Jun 201900:29:48

Rob Arnott, founder and chairman of the board of Research Affiliates, LLC, calls in to assess conditions and opportunities around the world.

3:47 "There's no such thing as a bargain  in the absence of fear"

8:53 Shiller P/E and central banks

13:06 Bubbles in a negative-rate era

20:13 Deficit spending: Does it matter?

24:36 The nature of indexation

Subscribe to Grant's Podcast on iTunes, Stitcher, iHeart Radio and Google Play Music. Grant's Interest Rate Observer is available at http://www.grantspub.com

Into the plumbing11 Jun 201900:23:49

Jeff Snider (@JeffSnider_AIP), head of global research of Alhambra Investments, calls in to discuss the workings of the modern financial system, and to offer his views on the best ways for investors to position themselves.  

1:35 Eurodollars: What they are and why they matter

8:20 "There's something wrong here"

14:55 Paul Volker and the bond bear market.  A mirror to today?

18:02 Contrarianism and consensus

Subscribe to Grant's Podcast on iTunes, Stitcher, iHeart Radio and Google Play Music. Grant's Interest Rate Observer is available at http://www.grantspub.com

Spring chickens05 Jun 201900:22:32

Jim, Evan and Phil assess the state of play in high-yield credit, macroprudential regulation and an instructive recent op-ed in @WSJ.

1:40 #Trump and the USS John McCain

5:24 Do businesses need a rate cut?

10:26 An Aiful-ly low yield

16:16 Alternatives to raising rates

Subscribe to Grant's Podcast on iTunes, Stitcher, iHeart Radio and Google Play Music. Grant's Interest Rate Observer is available at http://www.grantspub.com

LONG IN THE TOOTH16 Sep 202400:38:00

With special guest Dave Breazzano, head of credit at Polen Capital. 

Measuring the Middle Kingdom29 May 201900:27:09

Christopher Balding, associate professor at the Fulbright University of Vietnam, calls in to discuss all things China.

@BaldingsWorld

1:43 Dramatic change in the air. Social credit risk

5:15 Economic growth, real and reported

9:25 "They are shorter on dollar liquidity than most people realize"

15:11 Huawei: What do we make of it?

23:18 Inflation vs. deflation

Subscribe to Grant's Podcast on iTunes, Stitcher, iHeart Radio and Google Play Music. Grant's Interest Rate Observer is available at http://www.grantspub.com

Double decker23 May 201900:38:53

A super-sized episode.  Jim, Evan and Phil discuss the latest financial happenings.  Sabrina Fox, executive advisor of ELFA Investor Group, details the challenges awaiting creditors in Europe's loan and high-yield debt markets.

@freewheelingfox

https://www.linkedin.com/in/sabrina-fox-45b29b7b/

https://elfainvestors.com/

1:12 Unicorns: Where's the beef?

11:06 This Compass points away from the profits

15:38 European credit, a bird's-eye view

23:02 Covenant erosion on either side of the Atlantic

29:33 Information asymmetry and liquidity in the secondary market

Subscribe to Grant's Podcast on iTunes, Stitcher, iHeart Radio and Google Play Music. Grant's Interest Rate Observer is available at http://www.grantspub.com

Distressed address13 May 201900:27:26

Kent Collier and Sarah Gefter of credit research firm @Reorg call in to discuss the latest happenings in distressed debt.

www.reorg.com

@DDinvesting

3:51 2007, then and now

7:16 Taking inventory of the cycle

12:51 The J. Crew "trapdoor."  Innovation or gimmick?

18:02 Deteriorating accounting standards

20:38 Issues that might ring the bell

Subscribe to Grant's Podcast on iTunes, Stitcher, iHeart Radio and Google Play Music. Grant's Interest Rate Observer is available at http://www.grantspub.com

The name's bond08 May 201900:24:33

Andrew Park, senior editor at S&P Global's LCD unit, joins Grant's to discuss all things credit.

1:35 The current cycle:  What's different?

5:45 CDOs in 2008 and CLOs today. Similarities and differences

12:01 Promised acquisition strategies: Dreams don't always come true

15:55 Credit managers need new supply, and borrowers happy to oblige

https://www.spglobal.com

https://www.linkedin.com/in/andrew-park-1b87642/

https://twitter.com/apark_

Subscribe to Grant's Podcast on iTunes, Stitcher, iHeart Radio and Google Play Music. Grant's Interest Rate Observer is available at http://www.grantspub.com

 

 

Around the world in 20 minutes30 Apr 201900:20:04

George Friedman (@GPFutures), founder and chairman of Geopolitical Futures, calls in to discuss global goings-on and their potential investment implications. Jim identifies a potential long-term inflection point.

1:17 Germany's upside-down banking system
7:29 Bad loans: A Chinese specialty
9:45 What to expect 90 years out?
14:28 The "Time Magazine indicator"

.@GPFutures

https://www.linkedin.com/in/georgefriedmangpf/

https://www.facebook.com/GeorgeFriedmanGPF/

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Hedging and hedge funds08 Apr 201900:22:57

Barclay Leib (@btl0823) founder and principal of Sand Spring Advisors, LLC, comes by the office to discuss asset allocation, forensic accounting and Wall Street history.


1:44 Rules for selecting fund managers

5:40 Where does "edge" come from?

8:18 Fun and games in fund returns

12:17 The famous Hunt brothers trade

18:30 Unfavorable prices? Regulate them away

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Fed ahead24 Mar 201900:23:04
Jim, Evan and Phil break down the watershed FOMC meeting this past week. Jim provides his updated reading list.   1:00 A startling announcement 5:15 2003 redux 10:08 E-Z money in the #economy 15:30 "Tools" and "frameworks" and "challenges"   .@federalreserve

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Investor's Business12 Mar 201900:30:57

Michael Schaus, director of market research for Brenton Point Wealth Advisors LLC and Zweig-DiMenna, stops by the office to discuss the current outlook and to remember the great investor Martin Zweig.

https://brentonpoint.com/

1:37 The European Central Bank takes it easy

6:40 Negative interest rates, back in vogue

12:39 Market cap to GDP: An useful indicator?

20:50 Weighing stock picking vs. macro 

Subscribe to the Grant's Current  Yield Podcast on iTunes, Stitcher, iHeart Radio, Google Play Music or listen from our website, www.grantspub.com    

Spring training05 Mar 201900:23:12

Jim and Evan discuss the latest monetary happenings, the retirement of a Wall Street legend, and a little baseball. 

1:17 The Fed's listening tour and William McChesney Martin

8:20 Inflation catch-up

12:45 "A lack of dynamism"

13:00 Bill Gross and the Bank of Japan

.@federalreserve

.@bank_of_japan_e

Subscribe to the Grant's Current  Yield Podcast on iTunes, Stitcher, iHeart Radio, Google Play Music or listen from our website, www.grantspub.com    

It's all relative22 Feb 201900:17:18

Jim and Evan discuss recent happenings, with European credit and banking in focus.

1:32 French 30-year sovereigns offer "solid yields." 

3:40 Deutsche Bank, the big sick puppy

9:19 European banks and the so-called capital relief trade

10:45 Memorializing Dodgers great Don Newcombe

11:51 Amazon.com's puffer jacket

.@DeutscheBank

.@Amazon.com

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THE NEXT MELTDOWN06 Aug 202400:29:11

With special guest Richard Byrne, president of Benefit Street Partners. 

Take 517 Feb 201900:22:43
As Japan marks 20 years of ultra-low rates, Jim and Phil take a look at monetary policies around the world. Jim shares his current reading list.   1:47 How long's secular? 3:50 Negative interest rates: a compendium 10:36 Grant's book club 14:57 The Fed's solvency, or lack thereof

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Bullion base02 Feb 201900:27:56
Simon Mikhailovich, lead manager of the Tocqueville Bullion Reserve, stops by Grant's world headquarters to discuss doing business in the modern administrative state.   4:17 The "menacing" language of compliance 9:30 #Gold, negative-yielding bonds and safety 16:53 Jim's reading list   .@S_Mikhailovich www.bullionreserve.com

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The Great Repression23 Jan 201900:24:16

Russell Napier, independent strategist  and co-founder of the Electronic Research Interchange, joins the program to discuss the state of financial markets and his thought-provoking recent essay in the Financial Times

3:18 "There's a global monetary system?"

6:06  Central bank credit and "the savings glut"

11:28 Treasury yields: The world's most reflexive asset class

18:35 "The People's Bank of China can inflate the whole world"

https://www.facebook.com/financialtimes/

https://www.eri-c.com/

https://www.linkedin.com/in/russell-napier-81292846/
https://www.linkedin.com/company/financial-times/

@ERICresearch
@FinancialTimes

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Is the Fed broke?17 Jan 201900:22:52

Alex J. Pollock, distinguished senior fellow at the R Street Institute in Washington and former president of the Federal Home Loan Bank of Chicago, calls in to discuss the state of our central bank's own finances. @RSI @FHLBC

3:07 Unrealized losses and the printing press

6:27 Treasury issuance and the Fed

9:45 Negative capital.  Does it matter?

15:55 Partially paid-in capital;  echoes of the banking partnerships of old

Subscribe to the Grant's Current  Yield Podcast on iTunes, Stitcher, iHeart Radio, Google Play Music or listen from our website, www.grantspub.com    

Winter warm up12 Jan 201900:20:16
The usual suspects discuss an array of financial happenings, while Jim recaps a recent Grant's field trip.   1:20 Economists and diversity 7:31 @McDonalds franchisees; they ain't lovin' it 10:51 Buffalo bash 16:17 New year, new ideas?   Subscribe to the Grant's Current  Yield Podcast on iTunes, Stitcher, iHeart Radio, Google Play Music or listen from our website, www.grantspub.com    
By the bushel07 Dec 201800:29:02

Keith Bronstein, commodities guru and president of TradeLink Holdings, LLC, calls in to discuss futures, interest rates and his latest big idea. 

2:12 An opportunity in #eurodollar futures?

9:50 No-bid futures and modern finance

13:25 "Instability isn't considered instability when prices rise"

20:01 Assessing the #Fed's next moves

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Bull markets are more fun than bear markets20 Nov 201800:27:59

Bob Farrell, longtime Merrill Lynch head of research, celebrated market technician and author of the widely cited 10 Rules for Investors, calls in to share his insights with Grant's.

2:21 What's changed, and what's the same

6:40 "Excesses in one direction lead to excesses in another."  Does that apply to interest rates?

11:20 Capital allocation strategies in a lower-return environment

16:49 Buy and hold and cyclical fluctuations

20:13 Contrarian ideas right now

 

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Curated content13 Nov 201800:25:42

Wendy Battleson, co-founder and principal of Art Strategy Partners, shares her expertise on the state of the market and its connection with other asset prices

1:48 Banksy's self-destruct button

6:10 Guaranteed bids – for a fee

11:21 Inflation in Warhol's

17:16 The art market; an extension of Wall Street?  

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Read the fine print05 Nov 201800:19:18

Michelle Leder, reporter and founder of Footnoted.com, stops by to discuss recent trends in corporate accounting and the regulatory environment. @footnoted 

0:55  Accountants: Who needs them?

2:54  "Terms and conditions may apply"

10:48 Corporate shortcuts and the S.E.C.

13:12 The things that corrections correct

Click here to read Harvard Business Review article "Why we need to update Financial Reporting for the Digital Era".

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Monopoly money31 Oct 201800:24:27

Jonathan Tepper, founder of macro research firm Variant Perception and author of The Myth of Capitalism, calls in to discuss the rise of corporate monopolies and its implications. @jtepper2


1:24 The Myth of Capitalism and Amazon.com, Inc.

6:08 The beer industry, duopolies and innovation

10:14 Low interest rate policy and the rise of #cartels

15:31 The "big pendulum" of anti-trust policy and the FAANGs

20:30 Buybacks and underfunded pensions

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INTERNATIONAL VALUE MYSTERIES10 Jul 202400:35:15

With special guest David Samra, managing director of Artisan Partners. 

Tomorrow's sales today29 Oct 201800:26:27

Chris Whalen, publisher of the Institutional Risk Analyst and financial industry expert, stops by the office to discuss the economy, credit and the Fed. @rcwhalen

1:22 The banks, as safe as a house?

6:51 A tightening Fed and profits

10:55 Rising credit costs coming down the pike

6:48 Leveraged loans, then and now

20:04 Goodbye, wealth effect

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The other side of the boat22 Oct 201800:25:34

Dean Curnutt, founder and chief executive officer of Macro Risk Advisors, joins Grant's to talk markets, volatility and anticipating the future. @Dcurnutt

1:42 Today and 2017, have things changed?

5:52 #Gold, the anti-S&P

11:23 Risk parity and trend followers: The next step

19:50 Opportunities in cyclical #stocks

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Traffic signals15 Oct 201800:23:43

Lakshman Achuthan, co-founder of the Economic Cycle Research Institute, joins the cast of characters to review pertinent signals in growth, interest rates and inflation.

4:48 The future path of inflation

9:34 Keynes and the 1960's

12:36 An interest rate surprise?

17:03 Financial repression and conventional indicators

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