interest rates go 20 and jim grant you may know as a great expert on currency. he says zero interest rates are like eliminating the clock at a basketball game. if you eliminate the shot clock, everyone would just throw the ball back and forth for the whole game and keep it away from lebron or whomever. what zero interest rates do is not spur the economy but they blur the economy. they just remove the influence of time so nothing happens. what's happening in the u.s. economy the number of companies in the stock market is 50% since 2007. the number of shares has dropped 50%. the so-called stock market boom is a product of the stock market shrank and i think that the key problem is the lack of any global money that's increasing the financial economy, almost 30% of the corporate profits are now in a finance from this massive $5.1 trillion a day currency trading. >> hell does one buy a car with a bit coin? >> i'm sure lots of cars have been but i don't know some companies have announced that they will sell it but you can convert your bit coin $2 that might be a good

jim grant is here, editor of grant's interest rate observer joins us right now. great to be here. thank you for joining us this morning. interest rates this week and as we are talking about this great economy can you look at the tenure and should take longer rare rates are so low and the interest rate observer titled the latest case of the 0% jump on handle. >> first of all, i think the most consequential prices and capitalism kind of future cash flows are very sensitive prices may happen to be under the thumb and government authorities and the bank of japan and of course to my mind the three now is the european central bank. these raids in europe are extraordinary. i observe interest rates for a living. we all have to have some job. i thought i had seen it all. there's something called telecom, which as you might surmise that the telecom business and it has speculative grade that to be sure of, but still junk and outstanding for the year 2022 123 and meals, not quite investment grade securities are less than 1%. 0% is the way you begin to describe, but bear in mind the rate of in

coming up next week right here on wall street we, grant interest rate observer editor jim grant. see a sunday morning on the fox news channel for sunday morning futures. join me live 10:00 a.m. eastern on sunday. have a great weekend everybody, that will do it for us on "wall street week. >> i'm bob massi. for 35 years, i've been practicing law and living in las vegas, ground zero for the american real-estate crisis. but it wasn't just vegas that was hit hard. lives were destroyed from coast to coast as the economy tanked. now it's a different story. the american dream is back. and nowhere is that more clear than the grand canyon state of arizona. so we headed from the strip to the desert to show you how to explore the new landscape and live the american dream. i'm gonna help real people who are facing some major problems, explain the bold plans that are changing how americans live and take you behind the gates of properties you have to see to believe. at the end of the show,

granted. how do you get it all done? i don't. have you talked to jim about this? yes.ut he believes that everybody should work really hard and so it's -- it's disheartening. it's hard. we almost lost tami to another company, but we saw her value and we wanted to make sure that she stuck around, so we gave her a raise and paid maternity leave. lemonis: i'm going to give you six months' worth of pay and i'm going to pay you $1,000 a week, so you don't have to bartend, if that's okay. [ sobs ] okay. i'm going to give you a check and it should help you just kind of, just be able to rest, take care of your baby. and then when you come back, you're going to bust somebody's ass. [ laughs ] all right? okay? wow. thank you. every time i see that, it reminds me how important people are in business. and it isn't just about the numbers, it's really about making sure that the people that work there feel like they're taken care of. but what's also important to remember is that you have to hire the right employees to begin with and you have to know how to tap into their strengths. wh

(grant) tonight we are learning the identities of the three men killed in the train derailment accident in washinton. the coroner's office identified them as 61-year old jim zack willhoite, and 40-year-old benjamin gran. gran had been ordered to a lifetime of supervised release following a felony conviction for child pornography. he served two years in prison and was released in 2015. all three victims died from the blunt impact from the crash. (grant) olympic gymnast mckayla maroney is suing u-s-a gymnastics for allegedly paying for her silence about sexual abuse she endured from a team doctor. maroney's lawyer says the gold- and silver-medal winner was the only athlete who was asked to sign a non-disclosure agreement. her attorney said the agreement was "an immoral and illegal attempt to silence a victim of child sexual abuse." the man accused-- larry nassar--was sentenced to 60 years in prison on child pornography charges earlier this month. maroney abuse allegations- the latest (vicki) new at nine... it's being called the world's smallest pacemaker.. and it is changing the way some patients are treated for with their heartbeat. (grant) marin general i

opponent of the decision jim moret was sentenced to twenty five years for ordering massacres carried out by military death squads his country receiving cancer treatment and was granted a presidential pardon due to his ill health liberia's election commission is expected to announce official preliminary results in the presidential runoff on thursday presidential hopeful george ware says he's on track for victory the former football star is up against current vice president joseph buckeye mohamed atta reports from the capital monrovia. liberia and sweet for the outcome of tuesday's runoff election many priests what they call a peaceful vote vote counting is underway and the process of telling results trickling in from more than five thousand polling stations across liberia why the national nation are pulling out. there were. very small number of incidents to report where injured in a corner and i should mention they have been dealt with on this but in most of these cases if not all the contest pits fifty one year old former football star where against seventy three year old joseph walk i who has been the country's vice president for the last twelve years but polling c