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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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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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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As far as I know, it was one of those things that was just sudden today.
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As an arithmetic proposition in many mutual funds, chances are that by the time the great performance has been registered, you, the public investor, are only entering. You're coming in for the last of it.
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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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It would have felt better. It would have been nice to know.
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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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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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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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It's not surprising in that mutual fund companies have been making them richer,
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They've done a really good job to get this attitude at the club,
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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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The essential Greenspan legacy . . . is the idea that the Fed will allow nothing to go really wrong.
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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?