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Grant: Central bank mispricing is backdrop to selloff

Central bank activity has provided the backdrop to the stock market's recent selloff, closely followed market watcher Jim Grant said Monday. "It's the mispricing of asset values led by central banks who think that by inflating or lifting up stocks, bonds, real estate they will thereby engender prosperity," he told CNBC's "Squawk Box." Grant made his comments as U.S. stock futures pointed to a ...
Source: CNBC.com | By: Tom DiChristopher