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Strategies & Market Trends : John Pitera's Market Laboratory

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To: Hawkmoon who wrote (12892)10/21/2011 4:10:04 AM
From: John Pitera  Read Replies (3) of 33421
 
Once bullish, contrarian Jim Grant likes cash now
(AP) – 05/21/11

NEW YORK (AP) — Jim Grant quotes obscure dead economists at length. He pines for an earlier time of gas lights and top hats when the dollar was convertible to gold. He wears bowties.

Prolific author, gold bug, droll chronicler of Wall Street folly, Grant would be easy to dismiss as an entertaining but irrelevant throwback if he hadn't been proven so right so often. Now, as small investors are putting more money into markets, the publisher of the biweekly Grant's Interest Rate Observer is warning of new dangers. He says prices are too high for nearly every asset you can think of — stocks, junk bonds, Treasury bonds, British gilts, even Iowa corn fields.



Message 27391783
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Hawk that why I was trying to be so adament back in May. I highly recommen that everyone goes back and reads The grant post and the followiing post to that by J. Grantham.

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