1:12 Unicorns: Where's the beef?11:06 This Compass points away from the profits15:38 European credit, a bird's-eye view23:02 Covenant erosion on either side of the Atlantic29:33 Information asymmetry and liquidity in the secondary market
James "Jim" Grant is an American writer and publisher and the founder of Grant's Interest Rate Observer, a twice-monthly journal of the financial markets. He is the author , most recently, of The Forgotten Depression: 1921: The Crash That Cured Itself. Grant's television appearances include "60 Minutes," "The Charlie Rose Show," Bloomberg TV, CNBC and other well-known financial news sources. His journalism has appeared in a variety of periodicals, including the "Financial Times", "The Wall Street Journal" and "Foreign Affairs."