Interest Rates May Rise For Longer Than Most People Think: James Grant

James Grant, a legendary value investor, discusses why interest rates may remain higher for longer than expected. He draws parallels between the decline of the Roman Empire and the current situation in the US. The impact of rising interest rates on the economy, including increased interest expenses and vulnerabilities in various sectors, is explored. They also discuss the future of the monetary system and the de-dollarization trend. The potential transition from declining to increasing interest rates and its impact on investor behavior is discussed.