Tuesday, September 29, 2009

James Grant's Wall Street Journal Article

Here's an article by James Grant with his latest thoughts on the economy. It's notable in that he has turned rather bullish. Well, he's not necessarily known for being terribly optimistic.

As of now he sure seems to be.

Here's a good quote that's used in the article from English economist Arthur C. Pigou:

"The error of optimism dies in the crisis, but in dying it gives birth to an error of pessimism. This new error is born not an infant, but a giant." 

Grant continues later in the article by saying the world is positioned for disappointment but the world rarely gets what it expects.

Check out the full article.


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