Grant sez..

[Doug Henwood]

Sometime in early 1997, I think, Jim Grant, editor of Grant's Interest Rate
Observer, tired of being labeled as the permabear he was, and resolved to
include at least one bullish recommendation in each issue of his
newsletter. What did he recommend? Asian and Russian stocks. After Asia
cracked, he confessed that his recommendations actually did worse than the
averages. Just got the latest issue of Grant's, and he's high on gold now.

Deflation anyone?

Doug