Grant's Current Yield Podcast

China, the leveraged loan market, Netflix and the Los Angeles Dodgers utility-man (why not?) headline another scintillating investment discussion.  0:00 "Maximum" Max #Muncy and value investing 1:53 Cracks in the #China facade 5:19 Debt or equity?  The #Netflix conundrum 11:05 Humphrey Hawkins redux and #crypto invades the CFA Subscribe to the Grant's Podcast on iTunes , Stitcher , iHeart Radio ,...

Jim, Evan and Phil discuss the world's various points of pressure, and provide a few other trenchant observations. 1:05 The Declaration of Independence gets unfriended by #Facebook 3:52 HNA, #China and the world 7:02 Italy's populists and the #European Central Bank 11:28 U.S. junk #bond yields on the move Subscribe to the Grant's Podcast on iTunes , Stitcher , iHeart Radio , Google Play Music or l...

A Grant's variety pack: Jim, Evan and Phil hold forth on an array of topical financial matters. 1:36 North Korea, AT&T and the future 5:10 A July 4 message from Thomas Jefferson 6:08 Changes in #China 13:55 Corporate buybacks and corporate debt 15:10 Crypto carnage Subscribe to the Grant's Podcast on iTunes , Stitcher , iHeart Radio , Google Play Music or listen from our website,  www.grantspub.co...

Seth Daniels, founding partner of JKD Capital, LLC, and Ben Rabidoux, president of North Cove Advisors, join Grant's for a thorough analysis of the Canadian housing market and the potential consequences of a downturn. 1:42 Housing: Canada's #economic engine 5:50 Parallels to the U.S. experience 10:00 Mortgage #fraud and bad actors 15:05 What sort of opportunities are available for #investors? Subs...

The indomitable Montana Skeptic (@MontanaSkeptic1) joins Grant's for a hearty discussion of the most polarizing car company in the world, 1:51 Is a "supernova" third quarter in the works? 3:54 The basic #bear case 7:49 #Model 3 reservation holders: What now? 13:26 The lawyers circle 16:14 Montana's overall #investment approach Subscribe to the Grant's Podcast on iTunes , Stitcher , iHeart Radio ,...

Francine McKenna, (@retheauditors)  transparency reporter at MarketWatch, joins the regular cast of characters to discuss auditing and accounting trends, and their crucial role for investors. 4:07 What do investors get wrong about #financial statements? 8:41 Auditors do not draft financials 13:49 Are certain #law firms more likely to push the envelope? 19:48 Do auditors have a fiduciary duty to #i...

Jonathan Tepper (@jtepper2), chief editor of Variant Perception, and @John_Hempton, chief investment officer of Bronte Capital Management, share their macro and micro expertise on corporate concentration and corporate fraud. 2:09 How do managers contend with increasing industry consolidation? 8:51 "A time of #disruption", while barriers to entry rise 12:04 Summertime for corporate #fraud Subscribe...

Adam Cohen, founder of Covenant Review, joins Grant's for an insightful overview of our loosey-goosey credit market. 1:20 "Read the footnotes," then and now 8:41 Where is the danger for lenders? 13:54 Potential consequences of widespread cov-lite Subscribe to the Grant's Podcast on iTunes, Stitcher, iHeart Radio and Google Play Music.  Grant's Interest Rate Observer is available at www.grantspub.c...

Steven D. Bleiberg, managing director and portfolio manager at Epoch Investment Partners, Inc., joins the regular cast of characters  for a lively discussion of modern portfolio theory and its limitations. 2:50 What is a stock, a portfolio, the #market? 6:20 The theory is now #reality 11:05 #Risk, asymmetry and indexing 14:33 Profit and the cost of #capital Subscribe to the Grant's Podcast on iTun...

Jim Bianco, president of Bianco Research, LLC, joins the team to talk bonds, the Fed and much more. 1:00 Where are #rates going? 5:51 The #Fed and the Heisenberg principle 11:07 Potential consequences of a decade of interest rate #price control 15:10 The significance of a three percent 10-year #yield Subscribe to Grant's Podcast on iTunes, Stitcher, iHeart Radio and Google Play Music. Grant's Inte...

David Stockman, director of the Office of Management of Budget under President Reagan and mas­ter of mazy budgetary arithmetic, joins Jim and Evan for a scintillating discussion of fiscal and monetary matters. 0:00 The #Simpsons foreshadowing 3:20 Deficits and #debt monetization. What's the harm? 9:01 Requiem for a #bond bull market 15:30 Sell what the #central banks are selling Subscribe to Grant...

Jim, Evan and Phil revisit Grant's 2017 bearish analysis of Facebook, with historical analog. 2:05 "Sell #Coke" 1996 6:06 Paul Fusselll and #human folly 10:41 Where do we stand now? 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

Biff Robillard, president and co-founder of Bannerstone Capital Management, LLC, joins the team to share his insights on the markets and investors' state of mind. 1:40 Major changes are afoot 5:18 Rough road ahead for the #dividend aristocracy 9:05 #Pricing power, who has it? 14:55 Lack of #investor enthusiasm Subscribe to Grant's Podcast on iTunes, Stitcher, iHeart Radio and Google Play Music. Gr...

Ed Yardeni, President of Yardeni Research, Inc. and author of Predicting the Markets , A Professional Autobiography, joins Jim for a lively discussion. 1:52 Interest #rates, then and now 4:11: "The #bond market has been rigged" 7:22 #Inflation is the big risk 12:08 Has #macroeconomics succeeded? Subscribe to Grant's Podcast on iTunes, Stitcher, iHeart Radio and Google Play Music. Grant's Interest...

Jim, Evan and Phil discuss the latest happenings in the Middle Kingdom and around the globe. 1:17 The People's Republic of #Debt 3:17 #Zombie bond market for zombie companies 7:10 ECB scorns #tariffs, buys bonds  13:09 The perils of #social media 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...

Stephen Stanley, chief economist and Xavier Negroni, co-head of the finance desk at Amherst Pierpont Securities, join the Grant's team to try and make sense of the jump in short rates, while speculating on the Fed's next move. 2:17 The mighty #dollar is getting no respect 6:48 The Feds Powell debuts in front of #congress  8:30 What are #credit spreads telling us? 11:15 "#Investors have lots of cho...

Jon Boyar, president of Boyar Research, joins the team to discuss opportunities in U.S. equities that are not eligible for the major indices. 1:45  Jon's approach to finding #value 5:40 Patience is a virtue 11:55  Jon's investment process and a few of his favorite #stocks Subscribe to Grant's Podcast on iTunes & Stitcher .  Grant's Interest Rate Observer is available at http://www.grantspub.com

Kai Stinchcombe, co-founder and CEO of True Link Financial, joins the team to discuss his recent article questioning the utility of the supposedly-groundbreaking software for digital assets.  2:07  The case against the #blockchain 4:14  A costless and decentralized form of exchange: #Cash 4:45  #Bitcoin conference doesn't accept bitcoin 7:17  #Ripple and international payments 12:28  "Here's your...

Mark B. Spiegel, managing member at Stanphyl Capital, joins the team to discuss his favorite ideas, long and short. 2:47 #Tesla, a love affair in reverse 6:40 Opportunities in the nano-cap realm 10:02 Fewer public #companies. Less value? 12:13 Mark's thoughts on agricultural #commodities Subscribe to Grant's Podcast on iTunes, Stitcher, iHeart Radio and Google Play Music. Grant's Interest Rate Obs...

Porter Stansberry, founder and editor of Stansberry Research, joins Jim for an enlivening conversation about the business and financial world at large.  1:33 What do people want to do with their money? 5:08 1999 and today 8:01 The #bitcoin pitch 12:48 Where is the #value? Subscribe to Grant's Podcast on iTunes, Stitcher, iHeart Radio and Google Play Music. Grant's Interest Rate Observer is availab...

Jim wraps up a most unusual 2017 and looks forward to the year to come. 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

Andy McCulloch, head of Real Estate analytics at Green Street Advisors, gives Grants the lay of the land. 1:18 Does the "everything bubble" include RE? 4:44 Breaking down the #Westfield acquisition 13:02 Cheap financing in #Europe and international arbitrage 16:24 "What would #Buffett buy?" CapEx creates mispricings 21:21 Current attractive opportunities Subscribe to Grant's Podcast on iTunes, Sti...

Grant's welcomes Victor Shih, associate professor at The University of California, San Diego, to discuss that crucial question. 0:40 The #Steinhoff Saga 6:47 Is #China set up for near term financial calamity? 9:12 Debt service rising faster than #GDP 13:13 We owe it to ourselves 17:30 Economic rebound ahead of the #19th Party Congress Subscribe to Grant's Podcast on iTunes, Stitcher, iHeart Radio...

JHL Capital Group chief investment officer James Litinsky joins Grant's to share his views on opportunities and risks around the world. 0:56 #India: Country of the future? 4:50 Current opportunities after a strong #rally 8:18 How to play late cycle in the #U.S. 10:47 The most vulnerable financial #assets 14:34 How much #cash to hold? Subscribe to Grant's Podcast on iTunes, Stitcher, iHeart Radio a...

Special guest Bill Fleckenstein joins the Grant's team to take inventory of current conditions 1:35 Triple-B-rated #bonds yielding less than zero 5:43 #Bitcoin and the apocalypse 7:28 #Tech, then and now 12:34 #Trump and volatility 15:52  What's different this time? Subscribe to Grant's Podcast on iTunes, Stitcher, iHeart Radio and Google Play Music. Grant's Interest Rate Observer is available at...