Jim Grant, the founder of Grant’s Interest Rate Observer, has cautioned about the state of business and credit conditions in the US. He highlighted PitchBook data from last week, which revealed that the supply of junk bonds had increased significantly, with two-thirds of the year’s supply backed by specific collateral. In addition, the syndicated leveraged loan issuance registered at just $1.3bn from January to May, the weakest primary activity since 2009. Grant warned that the ongoing process of high cost of capital will continue to slow economic activity, likely induced by monetary tightening. Therefore, he suggested investing in gold and other metals to protect one’s future.
Jim Grant Issues Warning About Business and Credit Conditions in the US
Date:
Updated: [falahcoin_post_modified_date]
More like thisRelated
Revolutionary Small Business Exchange Network Connects Sellers and Buyers
Revolutionary SBEN connects small business sellers and buyers, transforming the way businesses are bought and sold in the U.S.
District 1 Commissioner Race Results Delayed by Recounts & Ballot Reviews, US
District 1 Commissioner Race in Orange County faces delays with recounts and ballot reviews. Find out who will come out on top in this close election.
Fed Minutes Hint at Potential Rate Cut in September amid Economic Uncertainty, US
Federal Reserve minutes suggest potential rate cut in September amid economic uncertainty. Find out more about the upcoming policy decisions.
Baltimore Orioles Host First-Ever ‘Faith Night’ with Players Sharing Testimonies, US
Experience the powerful testimonies of Baltimore Orioles players on their first-ever 'Faith Night.' Hear how their faith impacts their lives on and off the field.
