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.
More Quotes from James Grant:
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,James Grant
The prudent law of investment is you're never supposed to make a complete decision, no or yes. It's always a marginal one,
James Grant
The secretary told me the kids came in, they were frantic, ... We have a policy you don't come in here with your cleats on. The kids knew that. It didn't matter. I think they were concerned. Three of the varsity kids came down to the hospital and checked on him after practice.
James Grant
I just do my job. It's a dirty job but I don't care if I get recognition or not.
James Grant
Miss America Behind the Crown.
James Grant
Most people thought they'd get beaten by St George and beaten by the Broncos.
James Grant
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Unbelievable, yet, what else could it be?
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