Grant's Current Yield Podcast

Richard Sandor, chairman and CEO of the American Financial Exchange and the Father of Financial Futures, joins Grant's to help us make sense of the major changes that are coming to the world financial system.

1:32 What's wrong with #Libor?

8:10 The Secured overnight #financing rate: Is it an improvement?

14:54 A potentially fraught transition from Libor

18:23 The role of #collateral

22:40 Milton Friedman, flexible exchange rates and the #gold standard

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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

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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 listen from our website, www.grantspub.com

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

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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?

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

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, Google Play Music or listen from our website, www.grantspub.com

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 #investors?

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.com

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

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.com

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 iTunes, Stitcher, iHeart Radio and Google Play Music. Grant's Interest Rate Observer is available at www.grantspub.com