James Grant
James Grant
James Augustus Grant, CB, CSI, FRS, FRGSwas a Scottish explorer of eastern equatorial Africa. He made contributions to the journals of various learned societies, the most notable being the "Botany of the Speke and Grant Expedition" in vol. xxix of the Transactions of the Linnaean Society. He married in 1865 and settled down at Nairn, where he died in 1892. He was buried in the crypt of St Paul's Cathedral. Grant's gazelle, one of the largest and handsomest of that...
ProfessionExplorer
Date of Birth11 April 1827
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Artificially low interest rates change people's speculative behavior in ways we may all come to regret, ... It's already incited a great burst of speculation in the bond market.
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Anybody who feels indispensable is living in a false world. All you can do is do the best you can.
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As far as I know, it was one of those things that was just sudden today.
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What the MOVE index measures is the level of complacency or confidence in the interest rate world. The market chooses not to see much risk in anything.
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The prudent law of investment is you're never supposed to make a complete decision, no or yes. It's always a marginal one,
That's the most important thing for any team.
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I just do my job. It's a dirty job but I don't care if I get recognition or not.
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I have to believe that, more than ever before, some importantly large number of Americans are exposed to short-term interest rates through the mortgage market, ... and an important, dramatic rise in those rates would choke off consumption.
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It's not surprising in that mutual fund companies have been making them richer,
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It seems to me the least-esteemed asset in existence is cash, short-dated treasuries, and I think that is the asset that is going to surprisingly outperform in the years ahead.
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As much anxiety as we might extend over the victims of a rising funds rate, we ought to also spare a thought for the consequences of rates having been here in the first place,
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They cannot appreciate the full magnitude of their actions. Any time you have a person's mental capabilities that are questioned, it's going to affect how the case is handled.
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It's about bums on seats. If nobody wants to listen to what you are doing, it kind of defeats the purpose really, doesn't it?
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Nothing beats a little cash in a bear market, of course, and the oldest form of cash is gold.