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
cycle federal people stock
People called him clairvoyant, and he never said, 'Shucks, it's not me, it's the cycle -- I am a federal employee. I don't see around corners, and I never have. Don't put too much stock in this bureaucracy called the Fed,'
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I don't know the exact circumstances. He did have some medical problems and was transported to Heartland Medical Center for some evaluations.
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He was a very poor central bank chairman. He was passive in the face of what will go down as a very destructive bubble.
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He was sitting up in bed. They were doing tests. They weren't allowing him to walk around.
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Japan is the perfect living laboratory for the proposition that massive fiscal stimulus is not necessarily going to cause interest rates to rise.
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He's going to conduct practice until Mike returns, which we hope is tomorrow morning.
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Most people thought they'd get beaten by St George and beaten by the Broncos.
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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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The teams they've come up against, individually, you probably say have better players than (the Tigers),
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Yeah, jumping off the porch roof and I was trying to catch them, and I was just in shock myself.
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To me the gold price takes the form of a very uncomplicated formula, and all you have to do is divide one by 'n.' And 'n', I'm glad you ask, 'n' is the world's trust in the institution of paper money and in the capacity of people like Ben Bernanke to manage it. So the smaller 'n', the bigger the price. One divided by a receding number is the definition of a bull market.
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Growth at an exceptional rate is a red flag in banking. It is hard enough to manage an ordinary bank; to control a sprouting weed is well-nigh impossible. If loans are expanding too quickly, the lending officers have probably been saying 'yes' too frequently.
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The art of banking is always to balance the risk of a run with the reward of a profit. The tantalizing factor in the equation is that riskier borrowers pay higher interest rates. Ultimate safety - a strongbox full of currency - would avail the banker nothing. Maximum risk - a portfolio of loans to prospective bankrupts at usurious interest rates - would invite disaster. A good banker safely and profitably treads the middle ground.
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Credit is money of the mind.