Jim Grant: Alan Greenspan ‘Is Just a Guy in a Business Suit’

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Grant's Interest Rate Observer founder and quirky bow-tie wearer Jim Grant joins his fellow soothsayers Peter Schiff and Michael Burry in the Alan Greenspan pile-on, delivering a crisp, almost Van Praagian indictment of the formerly beloved Fed chairman on Bloomberg TV today. “Here’s the book on Alan Greenspan," he said. "He thinks what everyone else thinks, but one fiscal quarter later. He has the lamentable knack, or lamentable tendency or personality trait, of needing to be liked, which is not the best thing to have when you’re chairman of the Federal Reserve board." NERD BURN.