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To: Wyätt Gwyön who wrote (82533)	9/20/2009 2:10:20 PM
From: Wyätt Gwyön	Respond to of 118717

with this article i think he's got a good chance to toptick the current rally. apparently somebody else noticed as well... "Jim Grant: Ringing the Bell at the Top?" ritholtz.com

To: Wyätt Gwyön who wrote (82533)	9/20/2009 3:03:26 PM
From: gregor_us	Respond to of 118717

It's simply eerie how the stars are aligned for an asset price top right here, with gold once again having kissed the old high, oil half-way back to its high, and then this colorful parade of high-profile people from the FED to the IMF etc and now Grant with all the positive talk. I note that Grant, to my great satisfaction, points out one of my latest grudges which is that the FED continues to deny the existence of the debt bubble. But, to Grant's detriment, he himself fails to point out the likely chronic drag from indebted America. We are so trapped it's not very funny at all. I remain with my view that we are getting a fresh overlay of inflationary pressure on top of the deflation, which will only exacerbate the deflationary pressure and lead to a new collapse. Which will then of course lead to fresh money printing. Repeat until the FED is destroyed--I guess. BTW, the debate this weekend between Mish and another guest on Financial Sense was really very good and I think was helpful in deepening the discussion, and revealing some complexity. Give it a listen. G