Grant and Eveillard on Reuters Investment 2008 Outlook Summit

• Video clips

• Jim Grant : Central banks keep fueling inflation
• "The word liquidity is a phony word that sounds sophisticated," Grant told the Reuters Investment 2008 Outlook Summit. "It clearly means money, money that is being materialized out of thin air through the actions of central banks."
• Eveillard eyes gold, Japan
• Eveillard, who manages the First Eagle Funds, says his overseas fun has a position in gold "as insurance against 1 to 3 years of difficult economic and financial circumstances." Eveillard also believes "Japanese equities at large are undervalued."