Grant's Interest Rate Observer September 6th Issue is Released

NEW YORK, Sept. 5, 2013 /PRNewswire/ -- The September 6, 2013 issue of Grant's Interest Rate Observer, an independent, value-oriented and contrary-minded journal of the financial markets, is published and available to the public. This issue is now available for download at www.grantspub.com for all subscribers.

To subscribe or take advantage of our current trial subscription offer, please visit: http://www.grantspub.com/subscribe or call John D'Alberto: (646) 312-8890.

The current issue includes the following articles:

Short Koons, long Lincoln

For the price of a few dozen pounds' worth of a contemporary steel sculpture, the value-minded collector can own a rare American historical document. An excursion into the broad intersection of art, value and vanity—and of history, central banking and fashion, too. 

Ruble and a dream

When this publication dropped tools to head to the beach last month, emerging equity markets were still standing. Returning to the office, we find that they—and their currencies and bonds—are recumbent. Some are prostrate. Herewith, a survey of one near perfectly flattened branch.

Floor to ceiling

Since May, when the updraft in mortgage interest rates began, home-building stocks have fallen by as much as 30%. Sales of new, single-family homes have dropped off, and the rate of rise in house prices has leveled off.  All of which frames the continued rise in the share price of a certain specialty retailer.

What they do

Insiders have been heavy net buyers at three of the mortgage real estate investment trusts that this publication has had under surveillance. A buy signal? Or just an expression of confidence?

File purge

A new ETF tracking the latest Chinese Five-Year Plan may be five years late given the signs of a purge of the leaders who would consummate the plan. In financial counterpoint: mounting evidence of a new liquidity surge.

Contact

To learn more please contact:
Eric Whitehead, Media Relations
Two Wall Street, New York, New York 10005
Office: (212) 809-7994
Fax: (212) 809-8492
[email protected]

To follow Jim Grant on Twitter: @GrantsPub

SOURCE Grant's Interest Rate Observer

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