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The Fed - A Novel Idea

Jul. 17, 2017 9:09 AM ET4 Comments
Mark J. Grant profile picture
Mark J. Grant

One of the joys, of writing "Out of the Box," is that I get to hear back from people. Most of the comments are complimentary and, on occasion, one takes issue with my thoughts. Both are fine, as the center of my commentary, is to enliven your little gray cells.

It is the brain, the little gray cells on which one must rely. One must seek the truth within--not without.
- Hercule Poirot, Agatha Christie

Maybe you thought of it already but maybe not. Maybe you placed the right emphasis on an issue, but maybe not. I warn, you may have noticed, much more frequently than I offer an idea because staying out of trouble is often what separates the men from the boys or the women from the girls. I try, my very best, to protect your capital.

Stepping in a pothole, and wrenching your ankle, is not a fun experience.

Over the weekend, I got an email with something that is a particular rarity. This was an idea, from a reader, that was just exemplary. With his permission, I include, today, a comment from Larry Seligman, that was one of the best ideas that I have heard in some time. My congratulations to Mr. Seligman for his brilliant reasoning. Here is what he said:

Thanks for an excellent article.
Did any of the people you interviewed for your article consider having the Fed simply transfer the $4 trillion or so of assets to the Social Security or Medicare Trust Funds rather than unwinding its position?
The assets will mature slowly over the next 10+ years and would push out the critical dates for those trust funds depletion. We are 10 years past whatever risk was inherent in creating all that new money and now were concerned about the risks inherent in

This article was written by

Mark J. Grant profile picture
Mark J. Grant is the Chief Global Strategist at Colliers Securities, LLC. The highlights of a 48-year career in the financial services industry include positions as President of an investment bank, head of Capital Markets for four investment banks, and serving on the Board of Directors of four investment banks. He has been designated as a Bloomberg Prophet, one of only 15 globally. Mark is one of the longest serving guests on CNBC’s “Squawk Box”, is frequently interviewed on Fox Business and Bloomberg TV, and is regularly quoted in the Wall Street Journal, Barron’s, MarketWatch and other business publications. His commentary, “Out of the Box,” is subscribed to by over 5,000 money managers and financial institutions in more than 46 countries. He is also the author of a book titled “Out of the Box and onto Wall Street.” While Mark’s institutional clients include some of the largest money managers in the world, he also works with high-net worth individual investors. His unique investment strategy is especially useful for people who need yield and monthly cash flows. He employs carefully chosen closed-end funds and exchange traded funds and notes to produce monthly income for his clients, currently he is able to provide yields are 10%+, however current performance is no guarantee of future results. For additional information, email Mark at Markjgrant@Bloomberg.net.

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