James Grant Makes Surprisingly Bullish Arguments

By on September 22, 2009

James Grant has written an editorial in the Wall Street Journal, “From Bear to Bull,” which argues the case for an economic revival. Grant promotes the view that deeper economic slumps lead to “zippier” recoveries; and since this slump was one of the worst ever, we might expect a snap-back in economic activity which surprises to the upside.

SMA Comment: James Grant is a wonderful writer and entertaining commentator, but his forecasting record is on the weak side. Grant was a frequent commentator on Wall Street Week during the 80’s and 90’s and always, to my recollection, provided bearish arguments. This, during the greatest bull market in U. S. history. I’m very skeptical that he’ll be right on this one.



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