[spyone]

I love James Grant. He calls market turns early but is usually correct.

[kenavi]

I love James Grant. He calls market turns early but is usually correct.

In 1982 with my diploma in hand, I heard Grant face off at NYU with an optimistic speaker from Lord, Abbot.

The Lord Abbott guy, an old fox, told the recent graduates: "The President (Reagan) is unleashing the economic engine; the market will rise to record heights. There is a new Premier in the Soviet Union (Gorbachev); expect a deal. The economic prosperity will carry you to the next century; enjoy the ride."

I'm still waiting for James Grant's predictions that day to come true.